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GIC to buy Tokyo property for $1.3 bln from Lone Star-sources

nutbush

nutbush

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why nihon???:confused::confused::confused:

http://www.reuters.com/article/2014/04/09/gip-tokyo-property-idUSL3N0N11RD20140409

(Reuters) - Singapore state investment firm GIC Pte Ltd will buy a Tokyo property from U.S. investment fund Lone Star Funds for some 134 billion yen ($1.3 billion), the highest price since Japan's real estate market recovery accelerated last year, three people with direct knowledge of the sale told Reuters.

Lone Star had put up the property, called Meguro Gajoen, for auction late last year for at least 96 billion yen. The property comprises a complex of office towers, with the Japanese unit of Amazon.com Inc its main tenant.

GIC was chosen from three final bidders, which included a consortium of New York-based real estate investment firm Aetos Capital Real Estate LP and China's sovereign fund China Investment Corp, two of the people said.

A GIC spokeswoman in Singapore declined to comment. Lone Star officials were also not immediately available to comment.
 
kknnbbccbb

kknnbbccbb

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nutbush said:
why nihon???:confused::confused::confused:

(Reuters) - Singapore state investment firm GIC Pte Ltd will buy a Tokyo property from U.S. investment fund Lone Star Funds for some 134 billion yen ($1.3 billion), the highest price since Japan's real estate market recovery accelerated last year, three people with direct knowledge of the sale told Reuters.

A GIC spokeswoman in Singapore declined to comment. Lone Star officials were also not immediately available to comment.
Click to expand...

Quite a good buy, they borrowed money from me to buy.
 
nutbush

nutbush

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japan is so unstable, super deflation, always kanna earthquake, even some of the japs are packing their bags and now GIC invest a billion in their property.:confused:
 
tonychat

tonychat

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They dunno Tokyo got radiation?

oh no..CPF money gone again... who contribute to CPF???
 
K

kaipoh

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If I don't spin, how to get my millions dollars commissions. Can you remember how the paragon shopping mall in Singapore spin for 330 millions.

nutbush said:
why nihon???:confused::confused::confused:

http://www.reuters.com/article/2014/04/09/gip-tokyo-property-idUSL3N0N11RD20140409

(Reuters) - Singapore state investment firm GIC Pte Ltd will buy a Tokyo property from U.S. investment fund Lone Star Funds for some 134 billion yen ($1.3 billion), the highest price since Japan's real estate market recovery accelerated last year, three people with direct knowledge of the sale told Reuters.

Lone Star had put up the property, called Meguro Gajoen, for auction late last year for at least 96 billion yen. The property comprises a complex of office towers, with the Japanese unit of Amazon.com Inc its main tenant.

GIC was chosen from three final bidders, which included a consortium of New York-based real estate investment firm Aetos Capital Real Estate LP and China's sovereign fund China Investment Corp, two of the people said.

A GIC spokeswoman in Singapore declined to comment. Lone Star officials were also not immediately available to comment.
Click to expand...
 
Papsmearer

Papsmearer

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nutbush said:
why nihon???:confused::confused::confused:

http://www.reuters.com/article/2014/04/09/gip-tokyo-property-idUSL3N0N11RD20140409

(Reuters) - Singapore state investment firm GIC Pte Ltd will buy a Tokyo property from U.S. investment fund Lone Star Funds for some 134 billion yen ($1.3 billion), the highest price since Japan's real estate market recovery accelerated last year, three people with direct knowledge of the sale told Reuters.

Lone Star had put up the property, called Meguro Gajoen, for auction late last year for at least 96 billion yen. The property comprises a complex of office towers, with the Japanese unit of Amazon.com Inc its main tenant.

GIC was chosen from three final bidders, which included a consortium of New York-based real estate investment firm Aetos Capital Real Estate LP and China's sovereign fund China Investment Corp, two of the people said.

A GIC spokeswoman in Singapore declined to comment. Lone Star officials were also not immediately available to comment.
Click to expand...

I don't think this is a good buy. Lone Star has been trying to offload this property since 2011, and in fact tried to sell it 2 prior times with no success. The Tokyo commercial real estate market is still depressed. I don't think Lone Star broke even on this deal at all. I bet you Aetos and China Investment Corp low balled Lone Star and tried to squeeze them for a good price knowing that Lone Star had to get out. Along comes GIC who was the sucker that paid full asking price. Well, more of your CPF money down the toilet.
 
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