04.11.2014 - GIC makes first real estate move into NZ
After clocking in an ultra-busy month in October, Singapore's sovereign wealth fund GIC could be keeping up the shopping pace this month. On Monday, the state-linked fund with over US$100 billion of assets under management, revealed its maiden property foray into New Zealand by tying up with Goodman Property Trust (GMT) to co-invest in Auckland's rapidly developing Viaduct Quarter. The pact, with one of New Zealand's largest listed property investor by market value, includes GMT's existing viaduct property interests. GMT is managed by Goodman (NZ) Ltd...............................................Full Article: Source
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