🏹Joint Notice Concerning Acquisition of 3/7 of Shinjuku MAYNDS Tower in Tokyo for JPY62.5bn by GIC
GIC, Singapore’s sovereign wealth fund, will acquire a 3/7 (~43%) stake in Shinjuku MAYNDS Tower, a large-scale Grade-A office property in Tokyo, from Daiwa Office Investment Corporation (the “Investment Corporation”) for a purchase price of JPY62.5bn (~US$ 558m1).
Daiwa Office Investment Corporation will retain the same stake as that of GIC, with the remaining stake held by a domestic company.
http://www.daiwa-grp.jp/data/attach/2335_114_en20171219a.pdf
GIC Buys Stake in Shinjuku MAYNDS Tower | SWFI – Sovereign Wealth Fund Institute
https://www.swfinstitute.org/swf-news/gic-buys-stake-in-shinjuku-maynds-tower/