Take Two: GIC Bids for $1.6 Billion Tokyo Office Tower

Singapore’s sovereign wealth fund, GIC Private Limited, is in key negotiations to acquire a prized Tokyo office tower for approximately 170 billion yen (US$ 1.6 billion). Built in 2001, the 32-story Pacific Century Place Marunouchi is being sold by Secured Capital Investment Management Co., Ltd., part of Asian private equity firm PAG. The property lies near Tokyo’s main railway station and is located in the Chiyoda area.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]



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