Singapore’s sovereign wealth fund GIC has plans to open an office in Sydney next year to focus on investment opportunities in Australia. This office would be its 11th worldwide.
“We are confident in the long-term growth of the Australian market and believe that an on-the-ground team will enhance our ability to capture more investment opportunities in this dynamic market. We are already very pleased with our existing portfolio in Australia, especially in real estate. We believe the new office will better support the management of our existing assets and increase interaction with local partners, so we can generate more value-add together,” said Lim Chow Kiat, CEO of GIC.
