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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Singapore wealth fund in talks to become London City’s new landlord

Posted on 23 August 2013

The Square Mile’s famous Broadgate Estate looks like it may be changing hands, with the Singapore sovereign wealth fund reportedly closing in on an £1.7bn sale. The 15-building estate right in the heart of the City is home to thousands of financial workers and several big names, including UBS.
The site has been co-run by US private equity giant Blackstone and US property firm British Land since 2009. Blackstone is now looking to sell its share to the Singapore Investment Corporation Private Limited (GIC)……………………………………….Full Article: Source


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