Singapore Sovereign Wealth Fund Invests in Jakarta Office Tower Development

One of Singapore’s sovereign wealth funds, GIC Private Limited, is centering in on investing in a 47-floor office tower under development in South Jakarta, specifically Jalan Gatot Subroto. The development, located in the central business district, is being taken on by PT Greenland Rajawali Utama, a joint venture owned by Indonesian conglomerate PT Rajawali Corpora and its property division. Rajawali was founded by Peter Sondakh.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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