Australia's Mirvac to buy land lease operator Serenitas from GIC for $643m

Australia's Mirvac to buy land lease operator Serenitas from GIC for $643m

A GIC sign is pictured at their office in Singapore July 26, 2022. REUTERS/Anshuman Daga/File Photo

Australia’s Mirvac Group said on Wednesday it would buy land lease operator Serenitas from Singapore’s sovereign wealth fund GIC for A$1.01 billion ($642.76 million) along with Pacific Equity Partners Secure Assets (PEP) and Tasman Capital Partners.