Could a Giant Asian SWF Acquire 60 Wall Street?
UPDATED: January 24, 2017. GIC Private Limited agreed to acquire a 95% stake in 60 Wall Street from Paramount Group. Paramount Group will manage the property and retain a 5% stake. This deal values the property at US$ 1.04 billion.
Will Deutsche Bank have a new landlord for its North American headquarters? According to data from the Sovereign Wealth Fund Transaction Database, Asian sovereign funds have steadily made up a significant portion of buyers in U.S. office real estate compared to other types of public asset owners. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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