29.01.2013 - GIC invests in mortgage program, Laxfield says
Government of Singapore Investment Corp. invested in a mortgage program that will provide loans for commercial property in the U.K., Laxfield Capital said. The lending program will invest as much as 1 billion pounds ($1.6 billion) over the next 24 months, Laxfield, a London-based mortgage company, said in a statement on its website. GIC, the Singapore sovereign wealth fund managing more than $100 billion of the city’s reserves, confirmed the investment in an e-mail and declined to disclose the amount of the funds injected...............................................Full Article: Source
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