29.01.2014 - GIC, Macquarie buy majority stake in Australian student accommodation firm Iglu
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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