(March 16): GIC Pte Ltd, Singapore’s sovereign wealth fund, is considering selling its stake in an office building in central Tokyo for at least several hundred billion yen, people familiar with the matter said. It acquired the property from PAG-backed Secured Capital Investment Management for about ¥180 billion (US$1.1 billion or RM4.4 billion) in October 2014. Investor demand for commercial properties in Tokyo has been strong, as shown by recent deals worth around ¥400 billion by the KKR & Co and PAG duo, and another by Blackstone Inc. A JLL spokesperson declined to comment, while a Mizuho Trust Bank spokesperson declined to comment on specific deals. The firm’s chief investment officer Bryan Yeo said in a 2024 interview with Bloomberg that it’s expanding its Japan-related deals team and expected to increase the number of deals it does.

Source: The Edge Markets March 16, 2026 07:54 UTC