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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

GIC to make real estate history in London

Posted on 22 August 2013

A Singaporean sovereign wealth fund (SWF) is set to make the single largest transaction in UK real estate history with the purchase of half a large business complex in the City of London. The Government Investment Corporation of Singapore (GIC) is to enter into the £1.7 billion deal to take over Blackstone’s 50% stake of London’s Broadgate development.
There had been suspicion that the Norwegian SWF would take the stake, and bolster its UK property portfolio, with several other large pension funds—including investors from North America—showing interest in the deal………………………………………..Full Article: Source


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