| Singapore’s sovereign wealth fund GIC will be looking to increase its exposure to the UK property market particularly in commercial real estate. A state investment major, GIC is one of the wealthiest global state funds with its real estate arm owning properties across 40 countries, overseen by 150 employees in nine offices.
In a report by the Wall Street Journal, Goh Kok Huat, COO and president of real estate at GIC, said, “We are not pulling back from the U.K. We are still open for business.” Spoken on the sidelines of the IPD/IPF Property Investment Conference, Goh expressed interest in increasing GIC’s holdings in London, given that the UK property market has become a focal point for global investors hunting for yield amid low interest rates...............................................Full Article: Source
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