Interactive Investor, 12 Aug 2009
SEOUL, Aug 12 (Reuters) - The Government of Singapore Investment Corp (GIC) will buy two shopping outlet buildings in Seoul from South Korea's E-Land Group for 220 billion won ($177 million), E-Land confirmed on Wednesday.
GIC submitted an application to the Ministry of Land, Transport and Maritime Affairs last Friday to launch a real estate investment trust to buy the properties in an affluent district from E-Land Group, according to a ministry official who declined to be named as he was not authorised to speak to the media.
Read More
