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GIC, Paramount Form JV on $1.04 Billion Acquisition of 60 Wall Street

Aareal Capital Provides $575M in Acquisition Funding on HFF-Brokered Sale
By Daniel Hausman
January 25, 2017 | 5:03 P.M.

GIC, Singapore's sovereign wealth fund, entered a 95/5 joint-venture partnership with Paramount Group, Inc. on the Deutsche Bank office building at 60 Wall St. in New York City in a transaction that valued the asset at $1.04 billion, or approximately $640 per square foot.

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