26.11.2015 - Singapore’s sovereign fund GIC likes properties here
GIC, Singapore's sovereign wealth fund, is taking a long view on its real-estate investments, particularly eyeing emerging markets despite recent turmoil, the president of the fund's property division said. The usually tight-lipped fund has plenty of dry powder to pursue property deals. he fund, which manages upwards of $100 billion, has an allocation of 9-13 percent of its portfolio toward property, but at the moment only around 7 percent has been invested in the segment. GIC's property portfolio has more than 350 investments in over 40 countries. GIC's mandate bars it from investing in Singapore's property market...............................................Full Article: Source
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