| The Singaporean Government's sovereign wealth fund is expanding its New Zealand property holdings after taking a 49 per cent stake in 10 major properties for about $1.2 billion in the last year. Fletcher Building and Goodman Property Trust yesterday announced that Fletcher had struck a deal to sell a new Wynyard Quarter building, 80 per cent leased to Datacom, to the Singaporeans and Goodman, for $86.2 million.
The purchaser is Wynyard Precinct Holdings - 49 per cent owned by the Singapore state's Government Investment Corporation (GIC) and 51 per cent owned by Goodman...............................................Full Article: Source
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