The Australian, 23 Sep 2008, Florence Chong
THE Singapore government-owned GIC Real Estate disclosed yesterday that it had secured a substantial shareholding in Mirvac Group for almost $145 million.
GIC Real Estate acquired 57.5 million units (5.064 per cent) in Mirvac over the past four months, from May 18 to September 18.
It is the second large investment from a Singapore government-owned entity in the troubled listed property sector.
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