| GIC Pte Ltd, Singapore's sovereign wealth fund, agreed on Monday to pay 132.4 million reais ($42 million) for a minority stake in a shopping mall controlled by Brazil's Aliansce Shopping Centers SA, the latest step in the fund's push into Latin America's largest economy.
Under terms of the deal, GIC took a 35 percent stake in Via Parque Shopping, a mall located in Rio de Janeiro's exclusive Barra da Tijuca area, according to a statement. The mall, which has 57,000 square meters (611,400 square feet) of shopping area, underwent massive renovation work between 2013 and 2014, the statement added...............................................Full Article: Source
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