GIC leads $1.04bn NYC office tower investment

GIC leads $1.04bn NYC office tower investment

GIC, Singapore’s sovereign wealth fund, and NYSE-listed Paramount Group, Inc. (Paramount) have formed a 95/5 joint venture (JV) to acquire 60 Wall Street – the building that serves as the US headquarters of Deutsche Bank – for $1.04 billion, or approximately $640 per square foot.

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