Singapore's GIC may buy 40% in Prestige rental unit for Rs 1,400 crore
GIC has emerged as the frontrunner to buy Rs. 1,400cr stake in the tenanted office space unit of Prestige Estates Projects. GIC is expected to pick up an ownership of slightly over 40% in the rent-yielding, 5 million sq.ft. office portfolio that counts JP Morgan, Cisco, Microsoft & Mylan as tenants.