Singapore sovereign wealth fund GIC Pte has established a $531 million retail centre joint venture in Australia, while Blackstone has reportedly acquired a 50% stake in a Sydney office tower. In a separate development, CapitaLand Integrated Commercial Trust has acquired two office buildings in Sydney.
GIC forms retail centre JV in Australia
Singapore wealth fund GIC Pte has formed a A$750 million ($531 million) joint venture with ASX-listed SCA Property Group (SCP) to invest in metropolitan convenience retail centres across Australia, according to an announcement.
