Singapore investor funds the acquisition of Exchange Tower. : Singapore’s sovereign wealth fund GIC has funded the acquisition of the Exchange Tower in Perth by the Primewest Counter Cyclical Trust for AUD326m (€208m). The trust acquired the prime office tower from the AMP Capital Wholesale Office Fund (AWOF) and a syndicate managed by Primewest, a Perth based fund and asset manager. Last year, GIC handed a mandate, valued initially at AUD300m, to Primewest to source buildings in Perth. An AMP spokesperson confirmed the sale and said the AMP Capital-managed fund held a 50% stake in the tower.