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Sign in Sign up for a FREE subscriptionGIC in final talks to buy Seibu’s properties in Japan for $1.75b
Japanese railway and hotel conglomerate Seibu Holdings is in final talks with Singapore sovereign wealth fund GIC to sell about 30 properties in Japan in deals worth about 150 billion yen (S$1.75 billion), according to media reports.
Some properties include The Prince Park Tower Tokyo, Prince Hotel Sapporo and Grand Prince Hotel Hiroshima. Seibu Holdings will continue to run the properties after the deal.
