{"id":3573,"date":"2015-12-05T03:08:28","date_gmt":"2015-12-04T19:08:28","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=3573"},"modified":"2022-07-01T03:38:32","modified_gmt":"2022-06-30T19:38:32","slug":"singapores-sovereign-wealth-fund-seeks-u-k-commercial-property","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/singapores-sovereign-wealth-fund-seeks-u-k-commercial-property\/","title":{"rendered":"Singapore\u2019s sovereign wealth fund seeks U.K. commercial property"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p>&nbsp;<\/p>\n<p id=\"E90\"><span id=\"E99\" class=\"qowt-font1-Calibri\">The island nation\u2019s sovereign wealth fund GIC Pte. Ltd<\/span><span id=\"E100\" class=\"qowt-font1-Calibri\">.<\/span><span id=\"E101\" class=\"qowt-font1-Calibri\"> is particularly interested in London, according to head of real estate Goh Kok Huat.<\/span><\/p>\n<p id=\"E102\"><span id=\"E103\">Singapore\u2019s sovereign wealth fund, one of the biggest state-backed funds in the world, is still looking at investing in commercial real estate in the United Kingdom, the <\/span><a id=\"E104\" contenteditable=\"false\" href=\"http:\/\/www.wsj.com\/articles\/singapores-gic-seeks-more-u-k-commercial-property-holdings-1447957787\" target=\"_blank\" rel=\"noopener\"><span id=\"E105\" class=\"qowt-stl-Hyperlink\">Wall Street Journal<\/span><\/a><span id=\"E106\"> reported.<\/span><\/p>\n<p id=\"E107\"><span id=\"E108\">\u201cWe are not pulling back from the U.K.,\u201d <\/span><span id=\"E109\">GIC\u2019s <\/span><span id=\"E110\">chief operating officer and president of real estate Goh Kok Huat<\/span><span id=\"E111\"> <\/span><span id=\"E112\">told a gathering of property investors in Brighton. \u201cWe are still open for business,\u201d he said.<\/span><\/p>\n<p id=\"E113\"><span id=\"E114\">The U.K. property market has been a draw for international investors on the lookout for yield amid low interest rates. This rings true particularly in London, where sharp price increases have prompted market watchers to warn of overheating. <\/span><\/p>\n<p id=\"E115\"><span id=\"E116\">GIC owns property in 40 countries and has 150 employ<\/span><span id=\"E117\">ees in nine countries, Goh said<\/span><span id=\"E118\">. <\/span><span id=\"E119\">The fund invests in real estate exclusively outside Singapore, <\/span><span id=\"E120\">as <\/span><span id=\"E121\">per its mandate. <\/span><\/p>\n<p id=\"E122\"><span id=\"E123\">About 50 per cent of its property holdings are in Asia, with an almost even split for the other half of the world between the Americas and Europe, he added. <\/span><\/p>\n<p id=\"E124\"><span id=\"E125\">Visit <\/span><a id=\"E126\" contenteditable=\"false\" href=\"http:\/\/www.wsj.com\/articles\/singapores-gic-seeks-more-u-k-commercial-property-holdings-1447957787\" target=\"_blank\" rel=\"noopener\"><span id=\"E127\" class=\"qowt-stl-Hyperlink\">Wall Street Journal<\/span><\/a><span id=\"E128\"> for more.<\/span><\/p>\n<p>If you found this article helpful, <a href=\"https:\/\/www.99.co\/?utm_source=blog%20main%20site%20conversion\" target=\"_blank\" rel=\"nofollow noopener\">99.co<\/a> recommends <a href=\"https:\/\/www.99.co\/singapore\/insider\/wealthy-asia-seeks-uk-property-bargains\/\">Wealthy Asia seeks UK property bargains<\/a> and\u00a0<a href=\"https:\/\/www.99.co\/singapore\/insider\/examining-bubble-behaviour-a-brief-insight-into-property-crises-and-the-asian-real-estate-market\/\">Examining Bubble Behaviour: A Brief Insight into Property Crises and the Asian real-estate market<\/a><\/p>\n<p>Looking for a property? Find your dream commercial property on Singapore\u2019s largest <a href=\"https:\/\/www.99.co\/?utm_source=blog%20main%20site%20conversion\">property portal 99.co<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The island nation\u2019s sovereign wealth fund GIC Pte. Ltd. is particularly interested in London, according to head of real estate Goh Kok Huat. Singapore\u2019s sovereign wealth fund, one of the biggest state-backed funds in the world, is still looking at investing in commercial real estate in the United Kingdom, the Wall Street Journal reported.&hellip;<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"","_lmt_disable":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53653,53593,57131],"tags":[53655,53734],"persona":[],"class_list":{"2":"type-post","11":"entry"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Singapore\u2019s sovereign wealth fund seeks U.K. commercial property<\/title>\n<meta name=\"description\" content=\"The island nation\u2019s sovereign wealth fund GIC Pte. 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