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Sovereign Wealth Funds Briefing - Categorized | Investment

GIC Catches on to K-Style With $136M Seoul Shopping Mall Acquisition

Posted on 15 November 2016

Korea’s unique style and fashion sense may not be everyone’s cup of tea, but Singapore’s sovereign wealth fund appears to like what it sees in the country’s retail scene. GIC invested $136 million to acquire an interest in G-Square City Retail Complex located in the suburbs of Seoul.
The 28-storey complex also has an office tower and boasts 238,248 square metres of space. Located in Anyang, the mall is roughly a 40-minute train ride from the Seoul city center, and is connected to a metro station…………………………………….Full Article: Source


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