GIC could sell Tokyo property for several hundred billion yen — Bloomberg

Ryo Horiuchi / Bloomberg03-16

The building, completed in 2001, has 32 stories above ground and four basement floors. Tenants include the Four Seasons Hotel Marunouchi Tokyo, Shell Japan Ltd and LaSalle Investment Management Inc.(...

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Tenants include the Four Seasons Hotel Marunouchi Tokyo, Shell Japan Ltd and LaSalle Investment Management Inc.(...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/property/gic-could-sell-tokyo-property-several-hundred-billion-yen--bloomberg?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GIC could sell Tokyo property for several hundred billion yen — Bloomberg</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGIC could sell Tokyo property for several hundred billion yen — Bloomberg\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-16 10:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/property/gic-could-sell-tokyo-property-several-hundred-billion-yen--bloomberg?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Ryo Horiuchi / Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The building, completed in 2001, has 32 stories above ground and four basement floors. Tenants include the Four Seasons Hotel Marunouchi Tokyo, Shell Japan Ltd and LaSalle Investment Management Inc.(...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/property/gic-could-sell-tokyo-property-several-hundred-billion-yen--bloomberg?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FXY","symbol_name":"日元ETF-CurrencyShares","start_time":0,"source_url":"https://www.theedgesingapore.com/news/property/gic-could-sell-tokyo-property-several-hundred-billion-yen--bloomberg?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2620221944","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/news/property/gic-could-sell-tokyo-property-several-hundred-billion-yen--bloomberg?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2620221944","pubTimestamp":1773629340,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"The building, completed in 2001, has 32 stories above ground and four basement floors. Tenants include the Four Seasons Hotel Marunouchi Tokyo, Shell Japan Ltd and LaSalle Investment Management Inc.","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FXY":"日元ETF-CurrencyShares","GIC":"Global Industry Company","HEWJ":"日本ETF汇率对冲-iShares","BK4104":"贸易公司与经销商"},"translate_title":"GIC可能以数千亿日元的价格出售东京房产-彭博社","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FXY":1.5,"HEWJ":1.5,"GIC":1.5},"content_text":"The building, completed in 2001, has 32 stories above ground and four basement floors. Tenants include the Four Seasons Hotel Marunouchi Tokyo, Shell Japan Ltd and LaSalle Investment Management Inc.(March 16): GIC Pte Ltd, Singapore’s sovereign wealth fund, is considering selling its stake in an office building in central Tokyo for at least several hundred billion yen, people familiar with the matter said. \nThe fund will look for buyers for its holding of the office space section of the Pacific Century Place Marunouchi from the 8th to 31st floors, said the people, who asked not to be identified discussing confidential information. It acquired the property from PAG-backed Secured Capital Investment Management for about JPY180 billion (US$1.1 billion or $1.5 billion) in October 2014.\nReal estate services firm Jones Lang LaSalle Inc and Mizuho Trust & Banking Co have been selected to advise on the possible sale, and they have begun sounding out companies and foreign real estate funds about whether they would be interested in bidding for the property, the people familiar with the matter said.\nInvestor demand for commercial properties in Tokyo has been strong, as shown by recent deals worth around JPY400 billion by the KKR & Co and PAG duo, and another by Blackstone Inc. But expectations that the Bank of Japan will continue raising interest rates after four hikes since March 2024 have fuelled concern that higher borrowing costs will start to weigh on the real estate market.\nSpokespeople for GIC and JLL declined to comment. A Mizuho Trust Bank spokesperson declined to comment on specific deals.\nThe building, completed in 2001, has 32 stories above ground and four basement floors. It’s a short walk from Tokyo Station. Tenants include the Four Seasons Hotel Marunouchi Tokyo, Shell Japan Ltd and LaSalle Investment Management Inc.\nGIC, which had its office in the building, moved out to a bigger office in the nearby Shin-Marunouchi Building earlier this year. The firm’s chief investment officer Bryan Yeo said in a 2024 interview with Bloomberg that it’s expanding its Japan-related deals team and expected to increase the number of deals it does.\nUploaded by Tham Yek Lee","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.38.0","shortVersion":"4.38.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2620221944","isCrawlerRequest":true}