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GIC CEO declined to comment on 540K acres land ownership in Michigan, citing GIC’s longstanding policy
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GIC CEO declined to comment on 540K acres land ownership in Michigan, citing GIC’s longstanding policy
Lim Chow Kiat, Chief Executive Officer of Singapore’s sovereign wealth fund GIC, has declined to comment on reports that GIC owns more than 540,000 acres of land in Michigan’s Upper Peninsula. This holding represents over five per cent of all land in the Upper Peninsula and makes GIC the largest known foreign agricultural landowner in the US state. GIC CEO offers no clarity on Michigan land ownership On 25 July, GIC released its 2024/25 annual r…
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