Politics
GIC’s Tokyo Property Said to Draw $1.4 Billion Bid by Kenedix
Key Points
Investing GIC’s Tokyo Property Said to Draw $1.4 Billion Bid by Kenedix Singapore’s sovereign wealth fund GIC Pte. has given Japanese developer Kenedix Inc. first negotiation rights to purchase office space in central Tokyo, people familiar with the matter said. Kenedix submitted a bid of around ¥230 billion ($1.4 billion) for office floors owned by GIC in Pacific Century Place Marunouchi, said the people, asking not to be identified because the information is private.
Investing
GIC’s Tokyo Property Said to Draw $1.4 Billion Bid by Kenedix
Singapore’s sovereign wealth fund GIC Pte. has given Japanese developer Kenedix Inc. first negotiation rights to purchase office space in central Tokyo, people familiar with the matter said.
Kenedix submitted a bid of around ¥230 billion ($1.4 billion) for office floors owned by GIC in Pacific Century Place Marunouchi, said the people, asking not to be identified because the information is private. Negotiations are continuing, and there’s a possibility that an agreement won’t be reached, the people said.