SINGAPORE (Aug 19): Sovereign wealth fund GIC announced Monday it is acquiring a 25.1% stake in Lendlease International Towers Sydney Trust (LLITST) from Canada Pension Plan Investment Board and Australia-listed Lendlease Group.
Established in 2012, the trust holds assets located in the Barangaroo Office Precinct in the Sydney Central Business District (CBD).
LLITST holds a 100% interest two commercial towers: International Towers Sydney — Tower Two and International Towers Sydney — Tower Three.
The properties are highly-accessible premium grade office towers, with close proximity to...(click on link for full story on theedgesingapore.com)