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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

GIC said to be planning to list real-estate assets

Posted on 06 August 2010

From Todayonline.com: The market is abuzz with talk that the real estate arm of the Government of Singapore Investment Corp (GIC) intends to list property assets on the Singapore Exchange (SGX) in a move that could raise a whopping US$3 billion ($4 billion).
That is higher than the previously estimated share sale worth US$2 billion, as a result of higher valuations in GIC Real Estate’s portfolio. This will make GIC RE’s IPO the biggest in 17 years since SingTel’s listing in 1993, as well as CapitaMalls Asia’s US$2 billion listing last year. When contacted by MediaCorp yesterday, GIC declined to comment……………………………………….Full Article: Source

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