Japan's Seibu to Sell Assets to GIC in $1.3bn deal

Seibu Holdings Inc is in final talks with Singaporean sovereign wealth fund GIC to sell some 30 properties in Japan in deal worth about 150 billion yen ($1.30 billion), Nikkei reported on Saturday.

The Prince Park Tower Tokyo, Prince Hotel Sapporo, and Grand Prince Hotel Hiroshima are among the properties it plans to sell, the report added.

Read the full report: Nikkei

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.