GIC’s $1.3-billion acquisition of the Prince Hotel portfolio is the largest transaction in Japan’s hospitality sector this year
Singapore’s sovereign wealth fund GIC has become APAC’s top real estate spender this year, with $4 billion of investments so far. Chinese e-commerce major JD.com stood a distant second with $3 billion worth of property deals in the region year-to-date, according to data from the MSCI Real Capital Analytics (RCA).
China’s state-owned CITIC Group ranked third, while South Korean real asset manager IGIS Asset Management and Australia-based Charter Hall Group were placed fourth and fifth, respectively.
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