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Coffeeshop Chit Chat - GIC Do Not Believe In Recession</TD><TD id=msgunetc noWrap align=right>
Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE cellSpacing=0 cellPadding=0 border=0><TBODY><TR class=msghead><TD class=msgF noWrap align=right width="1%">From: </TD><TD class=msgFname noWrap width="68%">SGNEWSALTE <NOBR></NOBR> </TD><TD class=msgDate noWrap align=right width="30%">Dec-21 8:02 pm </TD></TR><TR class=msghead><TD class=msgT noWrap align=right width="1%" height=20>To: </TD><TD class=msgTname noWrap width="68%">ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 5) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft width="1%" rowSpan=4> </TD><TD class=wintiny noWrap align=right>4142.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>GIC do not believe in recession as all it's investments are super long-term. They are still splashing all over the world overpaying for it's investments despite the negative global outlook going forward. When these investments turned sour, there is always this excuse of "investing for the super long-term" to fall back on.
Hammerson strikes retail JV with Singapore's GIC
Tiscali, 21 Dec 2008, Sinead Cruise
LONDON (Reuters) - Property firm Hammerson has set up a joint venture by selling a 50 percent stake in WestQuay Shopping Centre for 299 million pounds to an affiliate of the Government of Singapore Investment Corp.
Hammerson and GIC Real Estate will each hold their respective 50 percent interests in the 76,200 square metre property venture in Southampton, Hammerson said in a statement on Tuesday.
The joint venture illustrates GIC Real Estate’s ambitions to increase its holdings of British retail property. In March, the company bought a 40 percent stake in the MetroCentre in Gateshead, north eastern England for 426 million pounds from Liberty International.
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Hammerson strikes retail JV with Singapore's GIC
Tiscali, 21 Dec 2008, Sinead Cruise
LONDON (Reuters) - Property firm Hammerson has set up a joint venture by selling a 50 percent stake in WestQuay Shopping Centre for 299 million pounds to an affiliate of the Government of Singapore Investment Corp.
Hammerson and GIC Real Estate will each hold their respective 50 percent interests in the 76,200 square metre property venture in Southampton, Hammerson said in a statement on Tuesday.
The joint venture illustrates GIC Real Estate’s ambitions to increase its holdings of British retail property. In March, the company bought a 40 percent stake in the MetroCentre in Gateshead, north eastern England for 426 million pounds from Liberty International.
Read More
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