GIC Weighs Sale of Tokyo Building for More Than $2 Billion
- Deal that size would be among the biggest in Japan’s capital
- Singapore wealth fund has sought advice on a potential sale
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Singapore sovereign wealth fund GIC Pte is considering the sale of a top-grade Tokyo skyscraper and has approached potential buyers about the property, according to people with knowledge of the matter.
The tower, 43-story Shiodome City Center in one of Tokyo’s central business districts, may fetch a price of at least ¥300 billion ($2 billion), two of the people said. Any deal of that size would make it one of the most expensive office building transactions ever in Japan.