GIC-backed Workspace Property Trust completed the acquisition of 53 Class A suburban office buildings from Griffin Realty Trust for $1.1bn.

GIC-backed Workspace Property Trust, a commercial real estate agency, completed the acquisition of 53 Class A suburban office buildings from Griffin Realty Trust, a REIT company, for $1.1bn. “We are thrilled to expand our footprint and double-down on the suburban office segment with the acquisition of this well-maintained portfolio of predominantly blue-chip, single tenant, net lease buildings in high growth suburban markets all across the US,” Thomas Rizk, Workspace Chairman & CEO.