Scion Group

'Recession-proof' student housing attracts Singapore investors
SINGAPORE (April 20): GIC and Mapletree Investments are going back to school. Singapore’s sovereign wealth fund and the city-state-based real estate investor helped fuel a record US$16.2 billion of student-housing acquisitions last year, and a further US$3.3 billion of deals were struck in the first quarter of 2017, according to Real Capital Analytics Inc. Student accommodation offers ...
GIC led first quarter sovereign investor deals
LONDON (April 11): Singapore's US$344 billion ($483 billion) GIC-led the sovereign investor pack in the first three months of 2017, sealing two of the biggest investments of the quarter. Wealth funds and state pension funds participated in a total US$9 billion of deals in January-March. GIC teamed up with private equity firm Hellman & Friedman in a US$1.9 billion deal for a 75% stake in ...