GIC eyes biggest exit with US$10bil Brookfield deal

SINGAPORE: Singapore’s GIC Pte is in talks to sell its stake in US landlord Yes! Communities Inc to Brookfield Asset Management in what could be one of the biggest exits for the sovereign wealth fund in years, according to a source.

The entire portfolio could be valued at more than US$10bil, according to the source.

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Singapore , GIC , Yes! Communities , Brookfield , sovereign wealth fund , real estate , acquisition

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