| British Land and GIC, Singapore’s sovereign wealth fund, have signed a joint venture partnership for the Broadgate development in London. GIC is acquiring the 50% interest in Broadgate owned by Blackstone Real Estate Partners Europe III and Blackstone Real Estate Partners VI.
Built around Liverpool Street station, Broadgate is expected to benefit both from the opening of the new Crossrail station in 2018 and from improvements in the surrounding areas. Major investments in recent years have already significantly revitalised the estate with over 950,000 sq ft of space newly developed or refurbished in the last four years...............................................Full Article: Source
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