SINGAPORE (May 22): Singapore’s sovereign wealth fund GIC, together with other investors, have formed a joint venture (JV) led by Rockwood Capital to acquire a portfolio of Class A office assets in Playa Vista, Los Angeles, California.

The Playa Vista sub-market is part of the Southern California technology hub and is often known as “Silicon Beach” which attracts many growing technology and creative tenants.

The portfolio assets include Water’s Edge, a high-quality 259,000 sf two-building creative office campus in north-west Playa Vista; and Playa Jefferson, a 251,000 sf five-building multi-tenant complex in central Playa Vista.

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