| Singapore's sovereign wealth fund GIC has backed Blackstone's $400 million acquisition of Rundle Place in Adelaide with financing. The Australian Financial Review understands the fund provided mezzanine debt for the private equity giant, which bought the property in early January in what was South Australia's largest commercial property transaction to date.
The deal demonstrates there is opportunity for foreign providers to be competitive on providing loans at a time when domestic banks and lenders are tightening conditions for property investors...............................................Full Article: Source
|