30.05.2014 - GIC to sell Florida golf property
Singapore sovereign wealth fund GIC is planning to sell the Great White Course, a 53ha Greg Norman-designed golf property adjacent to the luxury Trump National Doral Miami resort that may fetch US$200 million (S$250 million) as real estate prices surge in southern Florida. GIC hired CBRE to market the course, which it bought in February last year as part of its US$1.5 billion acquisition of bankrupt resorts owned by a group led by hedge fund Paulson & Co. The land has permits for residential, office and retail development, said CBRE vice-chairman Robert Given and senior vice-president Gerard Yetming...............................................Full Article: Source
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