Sun, May 1, 2016
A A A
Welcome tstroemlev
RSS

Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

GIC’s New York investment may face foreclosure

Posted on 14 January 2010

From Asiaone.com: The New York apartment complex that proved an ill-fated investment for the Government of Singapore Investment Corporation (GIC) may face foreclosure after its owners defaulted on a debt payment last Friday.

Some of the debt holders are now demanding payment within 10 days from the owners of Stuyvesant Town and Peter Cooper Village in Manhattan - the first step towards foreclosure, according to a Bloomberg report yesterday…………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 18476 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
May 2016
M T W T F S S
« Apr    
 1
2345678
9101112131415
16171819202122
23242526272829
3031