It is no exaggeration to say that the global commercial real estate market last year was led by the Government of Singapore Investment Corporation (GIC). According to Global SWF, which compiles statistics on sovereign wealth funds around the world, GIC was the most active sovereign wealth fund last year. GIC closed 72 deals worth USD 40.3 billion in 2022, up 17% year-to-year. GIC has been named the largest investor among sovereign wealth funds for the fourth year in a row. Half of last year’s investment was focused on real estate. Four investments by GIC were included in the top 10 mega deals invested by sovereign wealth funds last year, two […]