SINGAPORE (Jan 4): The joint venture (JV) formed by Singapore sovereign wealth fund GIC, the Canada Pension Plan Investment Board and The Scion Group, has acquired a student housing portfolio in the US for approximately US$1.1 billion (RM4.42 billion).

According to a Straits Times report, the portfolio consists of 24 assets located in 20 university campus markets across the US, comprising 13,666 beds.

This article first appeared in The Edge Financial Daily, on Jan 4, 2018.

For more stories, download EdgeProp.my pullout here for free.

SHARE
SPONSORED CONTENT
FAR Capital makes ‘impossible’ rental returns, with data dispelling critics’ disbelief

Many observers look at the numbers FAR Capital Sdn Bhd have achieved and confidently declare that it is impossible for property buyers to cover their mortgage instalments with today’s unfavourable rental yields.

read more
RELATED POSTS
  1. Sunway-led JV wins RM6.74 bil Bayshore Drive mixed-use site in Singapore
  2. From gridlock to growth: Can Malaysia adapt the Singapore, Hong Kong TOD models?
  3. Sunway-led consortium awarded S$750.6 mil River Valley Green site in Singapore