Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
The High Tech Campus in Eindhoven
The High Tech Campus in Eindhoven - Credit: Photo: microtoerisme / Wikimedia Commons
Business
Eindhoven
High Tech Campus
GIC Private Limited
Singapore
Jan-Willem Neggers
Oaktree
ACM
Tuesday, 5 October 2021 - 14:50
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Eindhoven High Tech Campus sold to Singapore State, not U.S. investor: report

The new owner of the High Tech Campus in Eindhoven is the Singaporean State and not United States investment firm Oaktree. The campus sale to Oaktree was completed on Monday, but the money came from Singapore, Eindhovens Dagblad reported.

The name GIC Private Limited - formerly Government of Singapore Investment Cooperation - emerged as a party that wants to take over the Eindhoven campus in a report from the Dutch Authority for Consumer and Markets (ACM). Campus director Jan-Willem Neggers explained to the newspaper that Oaktree is the manager of the mutual fund that now owns the High Tech Campus. GIC is the principal investor in that mutual fund.

GIC has more than 700 billion euros in investments, ten offices, and 18,000 employees worldwide, according to the newspaper. When the ACM approved the acquisition, it looked at how many real estate interests GIC already has in the Netherlands. And that turned out to be relatively limited.

The Singaporean State has a 3 percent interest in the Dutch real estate fund Euro Commercial Properties, mainly active in shopping centers. It also has shares in the CitizenM hotel chain, which has hotels at Schiphol and in Amsterdam and Rotterdam.

Oaktree expressed grand ambitions for the High Tech Campus in a statement announcing the completion of the sale on Monday. "We can add 5,000 to the current 12,000 employees in due course. The campus must be the first choice for research and development-oriented companies that want to excel."

How much of a difference it makes that the campus is now in the hands of the Singaporean State instead of an American investor remains to be seen. For Neggers, it makes no difference, he said to Eindhovens Dagblad. Eindhoven alderman Stijn Steenbakkers told the newspaper the city is "happy to discuss" safeguarding the campus ecosystem "with the new owner.

Follow us:

Latest stories

  • Covid infections may be stabilizing at new peak, but hospital total jumps 20 percent
  • Nature reserve destroyed in farmer protest; Grocers lose millions in revenue
  • Warm temps mean more wasps in the Netherlands this summer
  • Half of Dutch can't hear high frequency of smoke alarm
  • Fifteen years in prison for killing pregnant Amsterdam student, disposing of body
  • Climate plans from large Dutch companies often insufficient, activists say

Top stories

  • Covid infections may be stabilizing at new peak, but hospital total jumps 20 percent
  • Bisexual people often victims of violence; Situation not improving
  • Delayed care in Covid cost at least 320,000 years of life: RIVM
  • Farmers' protests: Some 15 arrested at distribution blockades, 200 fined on highways
  • Over 350 monkeypox cases diagnosed in the Netherlands so far; First child tests positive
  • Police arrest new suspect for directing murder of journalist Peter R. de Vries

© 2012-2022, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content