GIC sells its stake in Pakuwon Jati

The Singaporean sovereign wealth fund sold its 4.9% shareholding in the Indonesian property company for $90 million.
Pakuwon Jati's properties are spread across Tunjungan City, Gandaria City and Kota Kasablanka
Pakuwon Jati's properties are spread across Tunjungan City, Gandaria City and Kota Kasablanka

The Government of Singapore Investment Corporation, better known as GIC, sold its 4.9% stake in high-flying Indonesian real estate firm Pakuwon Jati for almost $90 million on Monday.

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