GIC Real Estate ups stake in Australian property firm

The Government of Singapore Investment Corp (GIC) has increased its investment in an Australian property firm. Media reports in Australia say GIC has increased its stake in GPT to between 12 and 18 per cent after pumping in an additional A$250 million to A$300 million. GPT is one of Australia's largest diversified listed property groups with prime retail and office assets across Australia. It also has a...

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