Singapore Sovereign Wealth Fund Acquires Rio de Janeiro Office Building

GIC Private Limited, one of Singapore’s sovereign wealth funds, acquired an office building in downtown Rio de Janeiro. This is the sovereign wealth fund’s first direct real estate investment in Latin America. The office building, Eco Sapucaí, was sold by real estate fund manager Hemisfério Sul Investimentos (HSI). The 86,060 square meter building was designed by famed Brazilian architect Oscar Niemeyer. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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