23.10.2008 - GIC expanding its empire
From Theaustralian.news.com.au: Early this year GIC RE, the real estate arm of the Government of Singapore Investment Corp, the world's third-largest sovereign wealth fund, invested more than $1 billion in Finland, Italy and Russia. It has amassed more than 200 assets in 30 countries. Always a passive investor, GIC has partnered with some of the world's best-known names in real estate when it enters new markets..... Full Article: Source