Future Fund-backed Greystar to buy GIC’s $1.6b student digs business

Singapore’s sovereign wealth fund GIC has ruled off a major coup on Australian shores, agreeing terms to sell its student accommodation business for a $1.6 billion gross price – or about three times the $568 million it spent on securing the investment from Singapore-listed real estate investment firm Wee Hur Holdings in 2022.

https://www.afr.com/street-talk/future-fund-backed-greystar-to-acquire-gic-s-1-6b-student-housing-biz-20241015-p5kiiu