GIC’s Cosgrave takes the hot seat 14 January 2017 – by David Hatcher. A disciplined long-term value investor, GIC is uniquely positioned for investments across a wide range of asset classes, including equities, fixed income, private equity, real estate and infrastructure. The partnership also has the potential to expand into Ireland and Spain, according to an announcement Friday. GIC's chief investment officer of real estate, Lee Kok Sun, said the logistics sector continues to be a long-term area of focus for the sovereign wealth fund. GIC set its foot in India’s real estate market in 2005 and has since then become one of the biggest property investors in the country, possibly second only to … Singapore's GIC says it allocates between 9% to 13% of its portfolio to real estate. GIC Re posted a net profit of ₹230 crore in the second quarter. GIC. Publicity-shy GIC, through its Special Investments unit, has also been investing in other sectors of the Chinese economy. Lee Kok Sun, Chief Investment Officer of Real Estate, GIC, said, "The logistics sector continues to be a long-term area of focus for GIC. Singapore sovereign wealth fund GIC has entered into a joint venture deal with global real estate investment firm Kennedy Wilson to acquire and manage urban logistics properties in the UK.. Commenting on the development, Lee Kok Sun, chief investment officer (real estate), GIC, said, "This investment is a testament to our confidence in the long-term potential of this market." Singapore's Ascendas has paid $1.073 billion for the GIC logistics portfolio, making it immediately one of the biggest landlords of industrial real estate in the country. Lee Kok Sun, Chief Investment Officer of Real Estate, GIC, said, “We are pleased to establish this Joint Venture with ESR, a leading integrated logistics platform, to develop and acquire high-quality industrial and logistics assets in prime locations in India. The Company current operating status is live with registered address at CAPITAL TOWER. J.P. Morgan Asset Management. The Company principal activity is in TRADITIONAL/LONG-ONLY ASSET/PORTFOLIO MANAGEMENT. 6 years 10 months. As a disciplined long-term value investor, GIC is uniquely positioned for investments across a wide range of asset classes, including equities, fixed income, private equity, real estate and infrastructure. Footnote: * China Construction Bank Corporation was the third largest single name concentration at 4%, 4% and 4% of 2018, 2017 and 2016 portfolio values respectively. Real Estate: New York, US AVP, Cyber Security Engineering Specialist (Cloud Security and Data Loss Prevention) Sovereign wealth fund GIC announced a joint venture with the Hong Kong-headquartered ESR Cayman to form a $750 mn joint venture which will develop and acquire industrial and logistics assets in India. We manage a well-diversified portfolio covering over 40 countries in property sectors such as office, retail, hospitality, residential, industrial, niche sectors and corporates. GIC, ESR Cayman establish US$750m joint venture to invest in real estate in India The joint venture will focus on Tier 1 and Tier 2 cities across India. P3 Logistic Parks (P3), a long-term manager and developer of European warehouse properties which is wholly owned by GIC, Singapore’s sovereign wealth fund, has signed an agreement to acquire a German retail logistics real estate portfolio (“Matrix”). Meanwhile, the portfolio's annualized nominal return for the 20 years through March 31 came to 4.6%, better than the 4.2% clip for GIC's 65% equity-35% bond reference portfolio. Lee Kok Sun, Chief Investment Officer of Real Estate, GIC, said, “The logistics sector continues to be a long-term area of focus for GIC. P3 Logistic Parks (P3), the European warehouse property manager and developer owned by GIC, Singapore’s sovereign wealth fund, has signed an agreement to acquire a German retail logistics real estate portfolio (Matrix). GIC REAL ESTATE PRIVATE LIMITED was incorporated on 1 March 1999 (Monday) as a Exempt Private Company Limited by Shares in Singapore. Singapore sovereign wealth fund GIC, eyeing the continued rise of digital commerce, entered two joint ventures this month with real estate managers to snap up logistics assets in India and the United Kingdom.. Vice President - Portfolio & Asset Management GIC Real Estate. Read more about GIC, Hong-Kong-based ESR form JV to invest $750 mn in Indian realty on Business Standard. GIC reports its performance as an annualised 20-year real return, which is the average time-weighted portfolio return over that period. KKR has sold two student housing developments in the Netherlands for €190m to Xior Student Housing and Greystar Real Estate Partners, respectively a Belgian and an American real estate company. The new head of European real estate at GIC – Singapore’s $350bn sovereign wealth fund – has engineered mega-deals, reformed its property arm into teams of local experts and has Logicor in her crosshairs. Kishore Gotety, co-head (Asia ex-China) of real estate at GIC, said, “Continued e-commerce growth in India over the long term, reinforced by rising internet penetration, is expected to drive strong demand for industrial and logistics assets. GIC chief investment officer of real estate, Lee Kok Sun, said the logistics sector continues to be a long-term area of focus for the sovereign wealth fund. The portfolio comprises the Zernike Tower with 700 units in Groningen and 680 student accommodation units in Utrecht. ... this year has been a very benign kharif season and we are expecting it to be a good portfolio going forward. GIC, which has an estimated $100 billion of global assets under management, acquired P3 for €2.4 billion ($2.6 billion) from TPG Real Estate and Ivanhoé Cambridge in 2016. GIC Real Estate The Real Estate (RE) arm of GIC invests in real estate and real estate-related assets outside of Singapore. We manage a well-diversified portfolio covering over 40 countries in property sectors such as office, retail, hospitality, residential, industrial, niche sectors and corporates. Associate / Portfolio & Asset Management GIC is a leading global investment firm established in 1981 to manage Singapore’s foreign reserves. Through the joint venture, GIC will invest in the Phoenix Mills portfolio by taking an initial 26 percent stake in the venture, which it may increase to 35 percent within a year of closing. PHOTO: BLOOMBERG The wealth fund has been an active investor in India’s real estate market and has taken exposure across asset classes in the sector. Charter Hall, GIC Take Stake in $1.4bn Ampol Portfolio Petrol supplier Ampol has offloaded half of its service station properties as part of a $682 million property deal with Charter Hall and sovereign wealth fund GIC. Find at GIC Private Limited. Next is the policy portfolio. A time-weighted return helps to eliminate the distorting effects on growth rates created by inflows and outflows of money to and from the portfolio. This sets GIC’s asset allocation strategy over the long term. The sovereign wealth fund does not disclose its assets under management but says on its website its has well over $100 billion invested in over 40 countries. Net Portfolio Value of S$306 billion as at 31 March 2020. GIC Real Estate The Real Estate (RE) arm of GIC invests in real estate and real estate-related assets outside of Singapore. Dec 2008 – Present 11 years 10 months. GIC has a JV with DLF for commercial properties and a tie-up with Brigade Enterprises. 2020 Real Estate Symposium. The 13th annual Real Estate Symposium, an exclusive Columbia Business School alumni-only educational forum will take place on December 8, 2020. The portfolio will be managed by P3 and the acquisition is expected to close during the fourth quarter of 2020, subject to customary closing conditions and any necessary regulatory approvals. Currently the ranges within it are 25% to 30% nominal bonds and cash, 20% to 30% developed market equities, 15% to 20% emerging market equities, 11% to 15% private equity, 9% to 13% real estate … GIC Real Estate's portfolio also includes The Exchange in Beijing and the Tianjin Exchange. 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