GIC

Philadelphia Commercial Real Estate Wrap-Up – November 2020

Ventas, GIC join forces in uCity Square. Amazon-leased property sells for $71.5 million. Read our November selection of Philadelphia must-knows.

Equinix, GIC to Form $1B-Plus Data Center JV

The U.S. data center company and the Singaporean sovereign wealth fund strike a deal for their second mega-joint venture.

JV Acquires Stake in Melbourne Tower for $398M

A joint venture between Dexus and GIC have purchased a 50 percent stake in one of the city’s tallest office buildings.

GIC Buys Beijing Office Skyscrapers for $1.1B

Singapore’s sovereign wealth fund purchased LG Twin Towers, two skyscrapers totaling 1.5 million square feet, from South Korean conglomerate LG Group.

GIC, RPT Realty Forge $244M Retail Venture

Singapore’s sovereign wealth fund paid $118.3 million for a stake in five open-air shopping centers.

GIC Becomes Sole Owner of 415 KSF Beijing Office Asset

The global investment firm acquired the remaining 50 percent interest in the 42-story building.

citizenM Hotels Gets New Investor, $842M in Equity

GIC, the sovereign wealth fund of the Government of Singapore, will acquire a 25 percent stake in the Dutch hospitality brand in a transaction valuing the company at $2.2 billion.

Rendering of EdgeCore's Ashburn Facility

EdgeCore to Build 144 MW Data Center Campus in NoVa

The new development will comprise four buildings of 36 megawatts each. The company is expanding in key U.S. data center markets, having already acquired land in several other metros.

Rockwood Capital JV Expands LA Office Campus

The upcoming one million-square-foot building is the last to be constructed in the 6.5-acre Water’s Edge in Playa Vista. The project is scheduled for completion by the second quarter of 2020.

EdgeCore Forms, will Invest $2B in US Data Centers

GIC will act as main anchor investor in EdgeCore Internet Real Estate. The company is targeting six key markets across the U.S. and plans to deploy the first facilities by the end of the year.