25 Nov '14, 4am

Singapore's GIC to invest in Indonesia property with Rajawali: SINGAPORE, Nov 25 (Reuters) - Singapore's sover...

SINGAPORE Nov 25 (Reuters) - Singapore's sovereign wealth fund GIC and Indonesia's Rajawali Group have agreed to jointly invest up to $500 million in equity in property projects in Indonesia, the two companies said in a statement on Tuesday. The joint venture will look at sectors including office, retail, residential and mixed-use projects mainly in the central business district of Indonesian capital Jakarta, the statement said. Privately-owned Rajawali is one of Indonesia's largest investment companies. (Reporting by Saeed Azhar and Rujun Shen; Editing by Muralikumar Anantharaman)

Full article: http://www.reuters.com/article/2014/11/25/gic-pte-rajawal...

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Singapore's GIC to invest in Indonesia property with Rajawali

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