[Bigiron]

GIC Real Estate incurs estimated S$637 million loss on WestQuay stake sale to Hammerson 

GIC Real Estate, Singapore’s sovereign wealth fund’s property investment arm, has sold its 50% leasehold stake in Southampton’s WestQuay shopping centre to Hammerson for £135 million, marking an estimated S$637 million loss from the 2007 purchase price.

https://www.theonlinecitizen.com/2024/11...hammerson/

[winbig]

No wonder prices keep increasing non stop.

[starbugs]

If GIC can make massive losses in UK property, what chance does the bunch of jokers from iquadrant have? Nowadays, they are no longer advertising on Youtube.

[Blasterlord2]

The people in GIC who made the decision to purchase the stake already huat until buay lin chu liao.

[jus4lucky]

No accountability. That why must return us back our CPF. why must used our retirement money for your investment that keep losing money..

[talky]

No accountability. That why must return us back our CPF. why must used our retirement money for your investment that keep losing money..

NEED TO HV SOMEONE HIGH UP LIKE ANWAR

[Ernesto]

Interest rate included tlin the losses?
Real estate can lose money,why Singapore here big player always make money...

[singaporean1964]

tancho tan..longterm longterm so no loss

[talky]

NEED TO HV SOMEONE HIGH UP LIKE ANWAR

ANWAR ORDERED AN INVESTIGATION WHY THE GOVT LOSS MONEY ON 2 INVESTMENT
HEAHS WILL ROLL BUT IN SPORE MASSIVE LOSSES YR IN N YR OUT STILL GET INCREMENT BONUSES N NO HEAD ROLL
IF continur=e in this manner gst increase to 20% slao not enough to loss in foolish invesment

[Scythian]

B4 Covid19 pandemics SPH bought a lot of Student accommodation buildings in UK

[matildashapes]

That's a big hit for GIC Real Estate! S$637 million is no small amount, making you consider the risks of such significant investments. Even the big players can get caught off guard sometimes. I’ve read that markets are unpredictable, and sometimes even the most secure-looking investments don’t pan out. It’d be interesting to see how GIC plans to recover from this. They’ll likely adjust their strategy moving forward, maybe diversify a bit more. It's always good to learn from these setbacks. If you're curious about managing risks like these, check out https://www.valleymanagementgroupinc.com/  . They often share strategies for handling market ups and downs.

[Alice Alicia]

GIC is where all your losses in 4D and Toto money go to.

They gamble for you elsewhere.

Outcome is the same.