| GIC, the Republic’s sovereign wealth fund, is leading a consortium in negotiations to buy IndCor Properties from United States private equity giant Blackstone Group in a deal valued at about US$8 billion (S$10.3 billion), sources familiar with the matter said.Chicago-based IndCor, formed in 2010 as a portfolio company of Blackstone, holds warehouses and distribution centres across the US, said the company’s website.
“Talks are still ongoing. We don’t know whether there will be a deal yet,” said one source, who declined to be identified as the discussions remained confidential. A spokeswoman for GIC declined to comment, while Blackstone had not replied to an email seeking comment by press time...............................................Full Article: Source
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