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GIC targets Aussie retirement village following US acquisition

Benjamin Cher Published on Mon, Sep 19, 2016 / 11:55 AM GMT+8

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SINGAPORE (Sept 19): Singapore’s GIC is looking to add Aussie retirement village owner, National Lifestyle Villages (NLV) to its portfolio, according to an online report by Australia Financial Review.

The move follows the sovereign wealth fund’s purchase of US manufactured home community owner, YES! Communities for US$2 billion ($2.7 billion) in August.

(See also: GIC among 2 investors buying 71% stake in US manufactured housing business)