The Government of Singapore Investment Corporation, or GIC, is ‘the only one you can lean on’, and ‘to meet with a GIC rep, you have to get a ticket and stand in line at their office at the Seoul Finance center’ are sentiments shared not too long ago in the market. As recently as a month ago, GIC was a buzzword in the commercial real estate industry. As the financial difficulties of major domestic institutional investors worsened in the aftermath of the interest rate hikes this year, foreign investors disappeared from the commercial real estate market. GIC has been the only hope for the market by being the most active. […]