GIC Mulls Tokyo Property Sale for Several Hundred Billion Yen

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GIC, Singapore's sovereign wealth fund, is exploring a sale of its stake in a central Tokyo office building valued at several hundred billion yen. The potential transaction highlights continued activity in Japan's commercial real estate market. This deal would represent a significant divestment by one of Asia's largest sovereign wealth funds.

GIC Pte., Singapore’s sovereign wealth fund, is considering selling its stake in an office building in central Tokyo for at least several hundred billion yen, people familiar with the matter said.