(Reuters) - SINGAPORE, June 25 - The property arm of the
Government Investment Corp of Singapore is looking to
move into Russia and Turkey but is "extremely careful" in the
London office market where prices have soared.
The head of GIC Real Estate also sees promise in the U.S.
office sector, saying the market has strong fundamentals, and
did not expect yields there to narrow further.
"Even though a lot of people say some of the Western markets
are pricey, there are still opportunities there," GIC Real
Estate President Seek Ngee Huat said on Monday at the Reuters
Real Estate Summit in Singapore.
Read more at Reuters.com Bonds News
Government Investment Corp of Singapore is looking to
move into Russia and Turkey but is "extremely careful" in the
London office market where prices have soared.
The head of GIC Real Estate also sees promise in the U.S.
office sector, saying the market has strong fundamentals, and
did not expect yields there to narrow further.
"Even though a lot of people say some of the Western markets
are pricey, there are still opportunities there," GIC Real
Estate President Seek Ngee Huat said on Monday at the Reuters
Real Estate Summit in Singapore.
Read more at Reuters.com Bonds News
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