Goodman strikes gold for sovereign wealth funds

Sep 7, 2011

The Aussie developer, partly owned by China’s CIC, chalks a big profit for investors in its logistics fund on imminent completion of a Hong Kong development.

Goodman strikes gold for sovereign wealth funds

China’s sovereign wealth fund CIC paid $500 million for its 18% stake in Goodman Group in August 2009. That stake has now doubled in value.

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