Investors include affiliates of real estate developer Beacon Capital Partners, GIC said in a statement.
One of the joint ventures includes the purchase of Lafayette Centre, a 789,000 sq feet complex of three multi-tenant buildings located in the Central Business District submarket. Another is Pentagon Centre, a 912,000 sq feet complex of two buildings fully-leased for the long term to the U.S. General Services Administration located near the Pentagon and Reagan National Airport.GIC, an established global real estate investor, has more than 350 property-related investments in over 40 countries.These include investments in the Time Warner Centre in New York and assets in the United Kingdom, Japan and Australia. (Reporting by Marius Zaharia; Editing by Richard Pullin)