| Singapore’s sovereign wealth fund (SWF) GIC has increased its exposure in the UK property market with the grant of a £90-million ($139.1 million) loan to a private equity firm, Maya Capital. Maya Capital, a pan-European realty investment firm and advisory, said that the GIC loan would help fund acquisitions in areas outside London and the London Orbital Motorway (M25) which have seen a resurgence in activity on the back of better economic conditions and employment.
According to a report in UK business publication City A.M., Maya Capital’s ‘regional strategy plan’ is already backed by independent financial firm GWM Capital Advisors, with the firm completing several other transactions in townships surrounding London. According to Maya Capital and GWM, the capital commitment for this initiative is £50 million (US$77.3 million)...............................................Full Article: Source
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