30 Oct '14, 10am

#Singapore's GIC buys stake in #Turkey commercial #realestate company via @WSJ

SINGAPORE—Sovereign-wealth fund GIC Pte. Ltd. is acquiring a stake in a Turkish real-estate firm for 250 million euros (US$316 million), the latest move by the Singapore firm to tap assets in emerging markets. The sovereign-wealth fund will buy a 20% stake in Rönesans Gayrimenkul Yatýrým A.S., which has 25 properties in its portfolio including shopping malls and offices in Turkey. The transaction is expected to be completed by the end...

Full article: http://online.wsj.com/articles/gic-buys-stake-in-turkey-p...

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