GIC Jointly Acquires NYSE-listed Property Investor For US$14bil

USA – Singapore’s sovereign wealth fund GIC has teamed up with property investment company Oak Street to acquire STORE Capital Corporation in an all-cash transaction valuing the REIT at US$14 billion, reported The Business Times...

HK's Chinachem To Complete Acquisition Of Kaleidoscope Office Bldg Soon

UNITED KINGDOM – Hong Kong-based property developer Chinachem Group revealed that it’s poised to complete the purchase of the Kaleidoscope office building in London within 10 days, according to a press release published on Thursday...

Singapore’s GIC Jointly Buys Majority Stakes In 53 US Office Bldgs

USA – Singapore’s sovereign wealth fund GIC has teamed up with American commercial real estate player Workspace Realty Trust to acquire majority stakes in 53 suburban office buildings, reported The Real Deal on Monday evening...

HK's Chinachem Group Buys TikTok’s London HQ For £158mil

UNITED KINGDOM – Chinachem Group, a property developer based on Hong Kong, has embarked on its maiden acquisition in the country after it agreed to acquire TikTok’s London headquarters for £158 million (US$186.2 million), reported...

Shenzhen Developer To Build Office & Retail Project In Causeway Bay

HONG KONG – An ageing block in Causeway Bay has been acquired for HK$3.2 billion (US$408.5 million), with local news outlets linking the new owner to a mainland Chinese developer that intends to develop the...

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