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GIC acquires 25.1% stake in $4 bil Sydney office property trust

Stanislaus Jude Chan
Stanislaus Jude Chan • 2 min read
GIC acquires 25.1% stake in $4 bil Sydney office property trust
SINGAPORE (Aug 19): Sovereign wealth fund GIC announced Monday it is acquiring a 25.1% stake in Lendlease International Towers Sydney Trust (LLITST) from Canada Pension Plan Investment Board and Australia-listed Lendlease Group.
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SINGAPORE (Aug 19): Sovereign wealth fund GIC announced Monday it is acquiring a 25.1% stake in Lendlease International Towers Sydney Trust (LLITST) from Canada Pension Plan Investment Board and Australia-listed Lendlease Group.

Established in 2012, the trust holds assets located in the Barangaroo Office Precinct in the Sydney Central Business District (CBD).

LLITST holds a 100% per cent interest two commercial towers: International Towers Sydney – Tower Two and International Towers Sydney – Tower Three.

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