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25-12-2013, 04:30 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
Where is our money? 60%: Nebermind lah!
http://www.straitstimes.com/breaking...ver-35b-201312 (http://www.straitstimes.com/breaking-news/money/story/singapores-gic-buys-stake-london-office-complex-deal-worth-over-35b-201312)
Singapore's GIC buys stake in London office complex, in deal worth over $3.5b
Published on Dec 24, 2013
3:02 PM
http://www.straitstimes.com/sites/straitstimes.com/files/imagecache/story-gallery-featured/20131224/GICmain2412e.jpg (http://www.straitstimes.com/sites/straitstimes.com/files/20131224/GICmain2412e.jpg)
Singapore investment firm GIC is buying a multibillion dollar stake in a mega-office complex in London's main financial district, adding to its portfolio of prominent properties globally. -- PHOTO: GIC PRIVATE LIMITED
By Alvin Foo
Singapore investment firm GIC is buying a multibillion dollar stake in a mega-office complex in London's main financial district, adding to its portfolio of prominent properties globally.
It is acquiring private equity firm Blackstone's 50 per cent interest in Broadgate, in a deal said to be worth over £1.7 billion (S$3.5 billion).
This transaction is believed to be GIC's largest-ever property foray in Europe, and is also its biggest-known investment this year, based on public announcements. Analysts said it is also one of Europe's biggest-ever office deals.
Broadgate is located near Liverpool Street station and is touted as a "world-class" office complex with a cluster of 17 buildings, shops and restaurants. The development spans 4.7 million sq ft on 12ha of land.
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?171266-No-to-Help-SGs-But-Got-3-5B-to-Speculate-in-London-Properties&goto=newpost).
Where is our money? 60%: Nebermind lah!
http://www.straitstimes.com/breaking...ver-35b-201312 (http://www.straitstimes.com/breaking-news/money/story/singapores-gic-buys-stake-london-office-complex-deal-worth-over-35b-201312)
Singapore's GIC buys stake in London office complex, in deal worth over $3.5b
Published on Dec 24, 2013
3:02 PM
http://www.straitstimes.com/sites/straitstimes.com/files/imagecache/story-gallery-featured/20131224/GICmain2412e.jpg (http://www.straitstimes.com/sites/straitstimes.com/files/20131224/GICmain2412e.jpg)
Singapore investment firm GIC is buying a multibillion dollar stake in a mega-office complex in London's main financial district, adding to its portfolio of prominent properties globally. -- PHOTO: GIC PRIVATE LIMITED
By Alvin Foo
Singapore investment firm GIC is buying a multibillion dollar stake in a mega-office complex in London's main financial district, adding to its portfolio of prominent properties globally.
It is acquiring private equity firm Blackstone's 50 per cent interest in Broadgate, in a deal said to be worth over £1.7 billion (S$3.5 billion).
This transaction is believed to be GIC's largest-ever property foray in Europe, and is also its biggest-known investment this year, based on public announcements. Analysts said it is also one of Europe's biggest-ever office deals.
Broadgate is located near Liverpool Street station and is touted as a "world-class" office complex with a cluster of 17 buildings, shops and restaurants. The development spans 4.7 million sq ft on 12ha of land.
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?171266-No-to-Help-SGs-But-Got-3-5B-to-Speculate-in-London-Properties&goto=newpost).