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Sovereign Wealth Funds Briefing - Categorized | Investment

GIC, Macquarie buy majority stake in Australian student accommodation firm Iglu

Posted on 29 January 2014

Singapore sovereign wealth fund GIC Pte Ltd and Macquarie Capital have formed a joint venture which has bought a majority stake in Iglu, an Australian student accommodation provider with a property portfolio worth about $132 million.
The deal is the largest of its kind in the Australian student accommodation sector, GIC said in a statement, without disclosing the investment value. Macquarie Capital is a unit of Macquarie Group Ltd………………………………………..Full Article: Source


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