23.12.2010 - Hermes cancels Bluewater stake sale
From Propertyweek.com: Hermes Real Estate has unexpectedly cancelled the sale of its sale of a 7.5% stake in the Bluewater shopping centre in Kent. GIC, the sovereign wealth fund of the Government of Singapore which owns 17.5% of Bluewater, was understood to have considered buying the stake. The fund manager was looking to sell the stake in the 1.6m sq ft centre for £120m, as it looks to sell down partial holdings in funds and assets..............................................Full Article: Source
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