NEW YORK CITY-Singapore's sovereign wealth fund, GIC Pte is reportedly part of a group that is acquiring the headquarters of Time Warner Inc. on Columbus Circle.
Back in July it was reported that Time Warner would sell its 1.1 million-square-foot headquarters space to an investment group led by Related Cos. for more than $1.3 billion and move to a building at Related's Hudson Yards project on the West Side. A person with direct knowledge of the transaction told Bloomberg News of GIC's involvement in the deal.
Joanna Rose, a spokeswoman for Related, which was the lead developer of Time Warner Center, declined to comment on GIC's possible investment in the Time Warner Center headquarters transaction. See story at Bloomberg News.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
