GIC beefs up real-estate portfolio with US$8.1b purchase of IndCor

♠ Posted by at Wednesday, December 03, 2014 in ,,,,,, at Wednesday, December 03, 2014
SINGAPORE sovereign wealth fund GIC has confirmed news that its affiliates will buy US industrial property company IndCor Properties Inc from Blackstone Group LP for US$8.1 billion, making it yet another major real-estate investment for the fund.

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