Singapore's GIC backs Irish developer Glenveagh Properties

Singapore's GIC backs Irish developer Glenveagh Properties

Lim Chow Kiat, chief investment officer of GIC Pte, gestures as he speaks at the Milken Institute Asia Summit in Singapore, on Friday, Sept. 19, 2014. Chief executive officers, senior government officials and leading figures in the global capital markets convened at the global conference's inaugural summit in Asia. Photographer: Bryan van der Beek/Bloomberg *** Local Caption *** Lim Chow Kiat

Singapore’s sovereign wealth fund (SWF) GIC has emerged as a major shareholder with a 10.2 per cent stake in Irish residential property developer Glenveagh Properties that recently conducted an IPO.

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