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Friday, December 17, 2010

JPMorgan fund partners Singapore GIC to buy Frankfurt tower

Reuters, 17 Dec 2010LONDON, Dec 17 (Reuters) - The fund management unit of JP Morgan (JPM.N) said it had joined a sovereign wealth fund from Singapore to acquire a 42-storey office tower in Frankfurt's central business district for an undisclosed sum. One of its funds partnered with the real estate arm of the Government of Singapore Investment Corporation (GIC) to buy the property from a Tishman