Aug 13, 2026 – 5.00amSingaporean sovereign wealth fund GIC has put its stamp on Sydney’s CBD, acquiring a 32-level building on Market Street through a $450 million deal in one of the most definitive signals yet that a recovery in the city’s office market is under way.The Singaporean powerhouse, which does not disclose its funds total but, on some estimates, has over $US1 trillion ($1.4 trillion) under management, has acquired the building at 1 Market Street from flagship commercial property fund run by prominent local fund manager Investa.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Singapore giant fund GIC backs Sydney office recovery in $450m deal
The Singaporean giant’s investment in Sydney’s CBD office market is the latest in several high-profile that signal a recovery is underway.
TL;DRAI
GIC (Singapore, $1.4T AUM) acquired Sydney's 32-level Market Street building for $450M from Investa. The deal confirms CBD office recovery and signals institutional capital returning to prime real estate as post-pandemic workplace stabilizes.
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