Singapore's GIC in JV to Acquire Office Space in Australia: ST

Singapore’s sovereign wealth fund GIC and Australian developer Charter Hall have set up a joint venture to acquire the 50 Marcus Clarke office building in Canberra, the Australian capital, for A$335 million, the Straits Times reported.

The commercial building is situated in Canberra’s Central Business District and has a net leasable area of 40,000 square metres, the report said.

Read the full report: The Straits Times.

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.