July 10, 2014 4:37 AM ET

Capital Markets

Company Overview of GIC Pte. Ltd.

Company Overview

GIC Pte. Ltd., formerly known as Government of Singapore Investment Corporation Pte Ltd., is a sovereign wealth fund of the Government of Singapore. The firm manages foreign exchange reserves of the Government of Singapore. It invests in the public and private equity with a focus on health care, financial and business services as well as natural resources, real estate, fixed income, and alternative markets including foreign exchange, commodity, and money markets across the globe. The firm invests through its subsidiaries GIC Asset Management Pte Ltd., GIC Real Estate Pte Ltd., and GIC Special Investments Pte Ltd. Government of Singapore Investment Corporation was founded in 1981 and is based...

168 Robinson Road

Suite 37-01

Capital Tower

Singapore,  068912

Singapore

Founded in 1981

Phone:

65 6889 8888

Fax:

65 6889 8722

Key Executives for GIC Pte. Ltd.

Group President and Chairman
Age: 67
President of Europe and Global Head of Direct Investments Group
Chief Risk Officer
Age: 52
Director of Investment Operations
Director of Internal Audit
Compensation as of Fiscal Year 2014.

GIC Pte. Ltd. Key Developments

GIC Reportedly Eyeing Remaining 50% Stake In RomaEst

GIC Pte. Ltd. is eyeing remaining 50% stake in RomaEst Shopping Mall. The company is said to be in talks to acquire remaining 50% stake in RomaEst for €200 million in order to further expand its European property portfolio. A Dutch report cited ‘well-informed market sources’ when the firm stated on June 30, 2014, that GIC is acquiring the other 50% of the RomaEst, a move that would give it full control. The news report mentioned that GIC spokesman declined to comment when contacted by The Straits Times.

Scentre In Talks To Sell Stake In New Zealand Shopping Mall Portfolio

Scentre is planning to sell half of its New Zealand shopping mall portfolio, reported Australian Financial Review. Australian Financial Review said that it is understood that GIC Pte. Ltd. and Canada Pension Plan Investment Board are frontrunners to acquire a stake, in a move that would value the Kiwi shopping malls at about NZD 3 billion ($2.8 billion) - far higher than the current book value of NZD Z2.7 billion. The deal is expected to meet with widespread support as the money will most likely be funnelled into early debt repayments, and the shopping centre landlord will still derive a management fee from running the malls.

IDFC Reportedly Plans To Divest IT Parks

IDFC Limited (BSE:532659) intends to divest two IT parks for a about INR 1.1 billion. Sources indicated that bidder looking at acquiring the properties are GIC Pte. Ltd., RMZ Corp. Holdings Private Limited, Ascendas Pte, Ltd. along with The Blackstone Group, Private Equity Group the front-runner. IDFC has deferred plans to form a rental yield fund due to subdued market conditions. This perhaps is one of the reasons for divestiture of the IT assets by IDFC, sources added.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 30, 2014
RomaEst Shopping Mall
Merger/Acquisition
June 9, 2014
IJM Land Berhad
Private Placement
May 5, 2014
Netshoes (Cayman) Limited
 

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