America, Asset Managers, Financial, Fund Managers, Global Investment, News, Private Equity

Singapore Sovereign Wealth Fund Acquires Building in Wall Street

Singapore Sovereign Wealth Fund Acquires Building in Wall Street

Singapore’s sovereign wealth fund, GIC has bought a 95% stake in Wall Street which serves as the US headquarters of Deutsche Bank AG. The deal is estimated at $1.04 billion. GIC and Paramount Group, a New York based real estate investment trust will manage the property.

“Singapore’s sovereign wealth fund, GIC has bought a 95% stake in Wall Street which serves as the US headquarters of Deutsche Bank AG. The deal is estimated at $1.04 billion.”

~ Bloomberg

The property is 100% leased to Deutsche Bank and it will expire in 2022. In connection with the deal, the joint venture has completed a US$575 million financing of the tower.

Related Reports: Bloomberg

 

About GIC 

We are one of the world’s largest global investors, with well over US$100 billion of assets in more than 40 countries worldwide. It has a portfolio spanning six core asset classes with well over US$100 billion of assets in over 40 countries.

Visit: GIC


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency
Previous ArticleNext Article