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GIC

Investment fund - Investor

Last update September 22, 2022 | Report an error

Jeffrey Jaensubhakij

Group Chief Investment Officer

Lee Kok Sun

Chief Investment Officer, Real Estate

Chow Kiat Lim

Chief Executive Officer

Logistics

Two deals to revive the French logistics property investment market

The file has just arrived on the desks of several investors, and it has the potential to interest some. CBRE IM and Virtuo are (...)

Career

Frank Pörschke appointed CEO of P3 Logistic Parks

Pan-European investor and developer P3 Logistic Parks has announced the appointment of Frank Pörschke as its new CEO, with effect from 1 April 2021. (...)

Logistics

GIC and Melcombe Partners enter into JV to acquire and develop European urban logistics assets

Singapore’s sovereign wealth fund GIC and European urban logistics investment manager Melcombe Partners, have agreed to enter into a joint venture to acquire and (...)

Office

EDF re-ups for 12 years in Paris La Défense’s PB6 Tower

French energy group EDF has just renewed a firm 12-year commercial lease on 38,000 sqm in the PB6 Tower, located in the Paris La Défense (...)

Logistics

Singapore's GIC, in one of Europe's largest logistics deals, pays €950m for Maximus portfolio

In one of the largest European logistics property deals of the year, Singapore sovereign fund GIC is purchasing the Maximus portfolio from US manager Apollo for (...)

Hospitality

Commerz Real sells Berlin's 5-Star Hotel de Rome to Caleus, GIC

In an off-market transaction Commerz Real has sold Hotel de Rome in Berlin to Caleus Capital Partners, an investment partnership of Caleus and Singapore (...)

Office

Singapore’s GIC confirms BI report of Paris PB6 tower buy, said at €550m

Singapore’s sovereign wealth fund GIC has confirmed its purchase of the 60,000 sqm Paris La Défense PB6 tower, which BI sources in September said (...)

Office

Asian appetite for Paris-La Défense continues as GIC nears €550m closing on Tower PB6

Asian investor appetite for large office towers in Paris-La Défense continues unabated, with BI sources saying Singapore's GIC is near to closing on Tower PB6 for (...)

Hospitality

Paris's AccorInvest boosts mid-segment with pan-European hotels acquisition

Paris-based hotel group AccorInvest has completed purchase of a pan-European portfolio of four assets totalling 661 rooms to boost its presence in the mid-market (...)

Finance

CBRE GI wins €350m refinancing for Dutch Office Fund from PGIM, UK's Rothesay

CBRE Global Investors has completed a €350m refinancing for its Dutch Office Fund, provided jointly by US-based PGIM Real Estate and UK insurer Rothesay Life. The loan (...)

Logistics

P3 Logistic ends 2018 with 4.1m sqm AUM, e-commerce/retail first over 30%

Czech-based P3 Logistic Parks, owned by Singapore's GIC, grew its portfolio to over 4.1m sqm last year, and said e-commerce and retail tenants rose above (...)

Hospitality

Singapore's GIC takes 25% stake in Dutch hotel firm citizenM, valuing it at €2bn

Singapore sovereign wealth fund GIC has acquired a 25% equity interest in Netherlands-based hotel developer and operator citizenM, valuing the hotel group at €2bn.  The investment makes GIC the third (...)

Office

Korean investors comb Paris La Défense after Mirae snaps up URW's Majunga for €850m

South Korean investors are watching Paris La Défense closely after news Unibail-Rodamco-Westfield has sold the Majunga tower to Seoul-based Mirae Asset Daewoo for €850m. The deal raises (...)

Listed

Paris REIT Cegereal net slides to €33m on valuations, but cash-flow stable

Paris office REIT/SIIC Cegereal posted a sharp drop in net income last year to €33.1m after €62.4m in 2017 mainly due to the high portfolio uplift (...)

Office

GEG's Höller sees Frankfurt office market, helped by Brexit, staying stable

Frankfurt has become a major German real estate location, taking some €10bn of the national €60bn investment last year, of which Brexit sparked probably (...)

Hospitality

Henderson Park closes €550m Paris Westin buy with CACIB financing

London-based private equity investor Henderson Park has completed the €550m purchase of the Westin Paris-Vendôme hotel in Paris from Singapore sovereign GIC, securing senior (...)

Office

Unibail to sell Paris Ariane tower for €465m to Singapore's GIC

France's Unibail-Rodamco-Westfield, the world's largest shopping centre group, is selling the Tour Ariane office tower block in La Défense west of Paris for €464.9m (...)

Office

Tishman Speyer buys Frankfurt tower for new German IM platform

Global developer Tishman Speyer has acquired the Bürohaus an der Alten Oper in Frankfurt for a new investment management platform, the third office tower to change hands in the (...)

Office

French Cegereal adds Paris office for €218m, plans €80m cap raise

French REIT/SIIC Cegereal, controlled by US firm Northwood Investors, has paid €218m to buy Passy Kennedy, a 23,615 sqm office in the 16th quarter of (...)

Logistics

Blackstone to acquire 49-unit logistics portfolio from Starwood, M7

US investment management giant Blackstone has agreed to acquire a logistics portfolio comprising 49 assets held in the MStar Europe joint venture between US (...)

Office

GEG adds first office for Singapore GIC’s German value-add mandate

The private German Estate Group, which Tuesday announced a €275m Frankfurt tower purchase, has been mandated by Singapore sovereign fund GIC on a value-add (...)

Logistics

China reported to order divestment of Logicor stakes

China is reported to have ordered some investors in Blackstone's former European industrial property firm Logicor, saying the stakes violate regulations on overseas holdings. The report, (...)

Listed

Paris office REIT Cegereal 1H EPRA earnings slip to €15m

Paris office REIT/SIIC Cegereal, controlled by New York-based Northwood Investors, reported a 1.6% first half fall in EPRA earnings to €14.7m on unchanged rental income (...)

Listed

Germany's listed TLG replaces co-CEO duo with Overath, Klinck

Listed Berlin commercial real estate group TLG has suddenly dismissed its two chief executives Peter Finkbeiner and Niclas Karoff, and will replace them with (...)

Logistics

Blackstone confirms purchase of five German logistics assets

US investment management giant Blackstone has confirmed that it was the buyer of a five-asset German logistics portfolio reported by the seller Prologis, totalling 157,645 sqm. A spokesman (...)

Hospitality

AccorHotels 57.8% sale of AccorInvest unit to bring in €4.6bn

Paris-based AccorHotels has sold 57.8% of its AccorInvest unit to sovereign funds Public Investment Fund and GIC, institutions Colony NorthStar, Crédit Agricole Assurances and Amundi in a transaction bringing gross proceeds of €4.6bn. PIF is (...)

Housing

Euro student housing projects to rise after 2017 investment rises 29% - C&W

European student housing investment increased 29% last year to €13.6bn as rising demand for global higher education continued to attract institutional capital, says global (...)

Finance

Germany's TLG on track to double portfolio in office, retail – co-CEOs

TLG Immobilien, the Berlin-based listed group, is on track to double its portfolio, focusing on office and specialised retail property, say co-CEOs Peter Finkbeiner and Niclas Karoff. (...)

Listed

German TLG shareholder Adar exits, Dayan converts to 22.5% direct stake

Major shareholdings in German listed TLG have shifted again. Hedge fund Adar has sold its entire 18.17% stake while another, Ouram controlled by Israeli investor Amir (...)

Hospitality

French Accor agrees to sell 55% stake in hotel investment unit for €4.4bn

Giant Paris-based AccorHotels has agreed to sell 55% in its AccorInvest investment unit to institutions including Saudi Arabia's Public Investment Fund, Singapore's GIC, France's Credit Agricole Assurances and Amundi, and Colony NorthStar. (...)

Finance

Shares in French Cegereal jump on 2017 results, special div; eyes capital raise

Shares in Paris office REIT/SIIC Cegereal, controlled by US firm Northwood, jumped 8% Friday after it reported 2017 IFRS net profit up by 51% (...)

Hospitality

After €550m Paris Westin buy, Henderson Park eyes more across Europe

Following its €550m acquisition of the Westin Paris-Vendome last year, its second luxury Paris hotel buy, private equity firm Henderson Park is looking for more across (...)