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Boston Properties Partners With Singapore's Gic, Canada Pension Fund To Buy U.s. Offices

by reuters.com posted 2weeks ago 6 views
The logo for Singapore sovereign wealth fund GIC Pte Ltd, is seen on a building in Singapore July 6, 2017. REUTERS/Darren Whiteside/File Photo July 14 (Reuters) - Boston Properties (BXP.N) said it has established a partnership with a potential spending power of up to $2 billion with Canada Pension Plan Investment Board and Singapore's sovereign wealth fund GIC to acquire office properties in the United States. The partners will aim to contribute a total of $1 billion of equity to the partnership and plan on borrowing another billion, the real estate investment trust said on Wednesday.

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