Published:
Singapore’s GIC sells London property to Norway’s sovereign fund
For a whopping $1.2b.
A Reuters report reveals that Singapore's sovereign fund GIC said on Thursday it had sold its 100 pct interest in a London property called Bank of America Merrill Lynch Financial Centre for 582.5 million pounds ($944.5 million) to Norway's sovereign fund, Norges Bank Investment Management.
GIC acquired the asset from Merrill Lynch in 2007.
The property is a 585,000-square foot office complex located at 2, King Edward Street in London.
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