Mr. Tan,
I found the prospectus of the IPO document in MAS Opera. I will not be commenting on it as I don't have the stamina to go through the 540 page doc. Looks like it is primarily China and Japan properties. GIC supposedly said that they are positive properties so I am not sure why they sell the portfolio. Maybe they have better use of the funds? By the way, it is not a REIT structure. Dividend payment at managers discretion. My hunch is that GIC is looking to make management fees from other than the Singapore Government.
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