| GIC has invested at least €300m ($375m) in two deals in Spain and Italy, highlighting the Singaporean sovereign wealth fund’s confidence in the prospects of two of the eurozone’s weakest economies.
The Asian fund, which manages a portfolio valued at S$100bn (US$78bn), said on Monday that it had become the sole owner of the Roma Est shopping centre, about 14km east of Rome. GIC paid an undisclosed sum for the 50 per cent stake that it did not own from CBRE Global Investors, the property management company...............................................Full Article: Source
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