Another botch deal, another US$600m down

‘The govt of Singapore, well, they lost the most….over $600 million. It just went poof…. Tisman Speyer and BlackRock lost a lot of people a couple of billion dollars, walked away from it unscathed and went into the next deal without anyone calling them out on their colossal mistake….’ NPR.org

The deal was to buy a middle class housing estate, The Stuyvesant Town and Peter Cooper Village in NY