Singapore GIC to invest in Australian student dormitory developer

XIN MSN News, 29 Jan 2014
Singapore sovereign wealth fund GIC and Australia's Macquarie Capital said Wednesday they have formed a joint venture that bought a majority stake in an Australian student accommodation group.
The investment into Iglu is the largest transaction of its kind in the Australian student accommodation sector, GIC and Macquarie said in a statement. The statement, however, did not give the value of the investment. Full story