19.04.2016 - GIC, S. Korean retail giant team up to build mall
Sovereign wealth fund GIC and South Korean retail giant Shinsegae have joined hands to develop a prime retail mall in the Incheon Free Economic Zone. Affiliates of the two firms have entered into a US$197 million (S$267 million) sale and purchase agreement for a nearly 60,000 sq m site, centrally located in the international business district of Songdo, GIC said. The high-tech Songdo district, dubbed the world's smartest, has been built from scratch on reclaimed land near the Incheon International Airport and has a population of nearly 70,000 residents, mostly families and young couples...............................................Full Article: Source
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