Announced
Financials
Sources
Tags
Minority
Pending
Private
Acquisition
Friendly
Australia
real estate investment trust
property management
Commercial REITs
Private Equity
Single Bidder
Synopsis
GIC, Singapore’s sovereign wealth fund, acquired a 25.1% stake in Lendlease International Towers Sydney Trust, which holds assets located in the Barangaroo Office Precinct in the Sydney Central Business District, from CPPIB and Lendlease. Financial terms were not disclosed. Lee Kok Sun, Chief Investment Officer, GIC Real Estate, said, “These high-quality assets, situated in the heart of Sydney’s CBD, are expected to generate attractive risk-adjusted returns in the long run. As a long-term investor, we will continue to seek good investment opportunities that will add value to our global portfolio.”
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.