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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

GIC buying 50pct stake in Broadgate

Posted on 23 August 2013

GIC Pte, the Singapore sovereign wealth fund, is the buyer of Blackstone Group LP’s stake in London’s Broadgate office complex, according to two people with knowledge of the transaction.
GIC is buying 50 per cent of Broadgate, a cluster of 16 office buildings, shops and restaurants on 12ha in London’s main financial district, according to the people. Bloomberg News reported on August 20 that Blackstone agreed to sell the stake for more than US$2.7 billion (RM8.9 billion)………………………………………..Full Article: Source


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