Singapore: GIC main investor in Orchard Street special situations fund

Singapore: GIC main investor in Orchard Street special situations fund

Singapore’s sovereign wealth fund (SWF) GIC has backed Orchard Street Investment Management on the launch of its third Special Situations Fund as its principal investor. The fund has a target gearing level of 50 per cent, enabling it to invest about £150 million ($187 million) in UK commercial property.

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