GIC purchases Santos Brisbane HQ in $281.4m deal from Permodalan Nasional Berhad

GIC purchases Santos Brisbane HQ in $281.4m deal from Permodalan Nasional Berhad

Singapore’s sovereign wealth fund GIC has purchased the headquarters of Santos in Brisbane for a consideration of A$370 million ($281.4 million). The deal was done through Charter Hall Group and projects a yield of 5.7 per cent for the property.

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