| Sovereign-wealth fund GIC Pte. Ltd. has sold the Bank of America Merrill Lynch Financial Centre in London to Norway’s sovereign-wealth fund for £582.5 million ($944.5 million), in a latest move by the Singapore fund to rebalance its portfolio to focus on consumer and technology driven sectors.
Norges Bank Investment Management, will buy the 585,000 square foot office building which is fully let to Bank of America Merrill Lynch, which will continue to manage the property, Norges Bank and GIC said in a statement...............................................Full Article: Source
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