News

GIC of Singapore expands US student housing portfolio

StudentsSingapore sovereign wealth fund GIC has participated in a deal to acquire student accommodation in the US worth $1.1 billion. The fund has a 45% stake in the newly acquired portfolio. Canada Pension Plan Investment Board has an equivalent stake and Scion Group, a specialist real estate manager, has 10%. “We remain confident in the student housing sector,” said Lee Kok Sun, chief investment officer, GIC Real Estate. Scion Group established a joint venture with GIC and the Canada Pension Plan Investment Board to invest in US student housing in 2016. So far, the venture has completed $4 billion of investments. The new acquisition includes 22 properties bought from affiliates of Harrison Street Real Estate Capital and two communities formerly owned by investors affiliated with Scion Group. ©2018 funds global asia

Executive Interviews

INTERVIEW: Operational challenges

Jun 09, 2018

Caroline Higgins of Northern Trust tells George Mitton about A-share inclusion, ETF Connect and why Cayman funds predominate in the region.

INTERVIEW: Making a name

Apr 18, 2018

Formed by a merger in 2012, Old Mutual Global Investors was little-known in Asia. Carol Wong, managing director for Asia-Pacific, is changing that. She talks to George Mitton.

Roundtables

SINGAPORE ROUNDTABLE: Optimism versus caution

Oct 23, 2018

The impact of financial technology, developments in Asian passporting and the promise of new markets in Thailand were among the topics discussed by our panel. Chaired by George Mitton in Singapore.

HONG KONG ROUNDTABLE: a long-term project

Jun 09, 2018

Our panel discussed robo-advisers, ETF Connect, and why the mutual recognition of funds (MRF) scheme will take time to develop. Chaired by George Mitton in Hong Kong.