GIC, Singapore’s sovereign wealth fund, and Paramount Group, Inc. (NYSE: PGRE) (“Paramount”) announced that they have formed a 95%/5% joint venture which has acquired 60 Wall Street for $1.04 billion, or approximately $640 per square foot. In connection with the acquisition, the joint venture completed a $575 million financing of the property. 60 Wall Street …
Tag Archives: Singapore’s sovereign wealth fund
GSA and GIC announce partnership to enter the German student housing market
GSA the global student accommodation specialists, and GIC, Singapore’s sovereign wealth fund, have announced a significant partnership to capitalise on the opportunity in the German student accommodation market. The cornerstone investment of the partnership is a portfolio of close to 1,000 student beds, which GSA acquired in June 2016. The portfolio features properties in Frankfurt, …
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Singapore’s GIC acquires UK student housing portfolio from Oaktree
In a partnership between GSA, the global student accommodation leader and GIC, Singapore’s sovereign wealth fund, GSA announces that it has acquired a 7,150-bed UK student accommodation portfolio from funds managed by Oaktree Capital Management, L.P. (“Oaktree”). The transaction is the UK’s largest student accommodation deal so far this year. The portfolio has been built …
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