28.01.2015 - Auckland property deal with Singapore's GIC gets OK
A Singaporean sovereign wealth fund has been given permission to buy a 49 per cent stake in a $313 million portfolio of Auckland Viaduct properties. The Overseas Investment Office has agreed to let Singapore-based GIC invest in a joint venture with Goodman Property Trust. The trust owns a portfolio of Viaduct properties including the Air New Zealand building, the Fonterra building which is still under construction, and a half share in the Viaduct Corporate Centre.The joint venture can now go unconditional and settlement is expected in February...............................................Full Article: Source
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