GIC Holds Hand with China Vanke on $111 Million Shopping Mall Deal

Posted on 02/27/2018


Singapore’s GIC Private Limited partnered with mainland real estate developer China Vanke Co. on the building of a high-end shopping center in Shanghai, according to domestic sources. RECO Guangfulin Private Limited – a subsidiary of the Singaporean sovereign wealth fund – and Vanke’s SZITIC Commercial Property Group (SCP Group) were the sole bidders on a […]