GIC to pay A$260 million for retail stake in Perth

GIC to pay A$260 million for retail stake in Perth
Dec 23, 2009 - PropertyGuru.com.sg

GIC Real Estate, the global investment arm in Singapore, will purchase from Dexus Property Group a half stake in a regional shopping centre in Perth, the Australian Financial Review reported.

GIC will shell out A$260 million ($229 million) for the Whitford City property, making it the second largest deal for a shopping centre, the newspaper said.