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Singaporean sovereign wealth fund GIC has entered into a land sale and purchase agreement with Korean department store corporation Shinsegae to develop a retail mall in Songdo.
Songdo, which is a new city part of the Incheon Free Economic Zone, is located 65 kilometres southwest of Seoul, the capital city of South Korea. Construction works were only completed in 2015.
The post Singapore GIC, Korea’s Shinsegae to develop retail mall in town near Seoul appeared first on DealStreetAsia.