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UPDATED: GIC pays $1.6b for Tokyo office component, sells London office for $945m

by Andrea Waitrovich

GIC, Singapore’s sovereign wealth fund, has closed on its acquisition of the office portion of the 32-story Pacific Century Place Marunouchi in Tokyo from Secured Capital Investment Management, the Tokyo-based real estate arm of PAG. The sales price was ¥170 billion ($1.55 billion), according to Real Capital Analytics.

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