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GIC sells London property to Norway's sovereign fund

Thursday, October 9, 2014 - 20:18
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Singapore's sovereign fund GIC said on Thursday it had sold its 100 per cent interest in a London property called Bank of America Merrill Lynch Financial Centre for US$944.5 million to Norway's sovereign fund, Norges Bank Investment Management - PHOTO: GIC REAL ESTATE PTE LTD

Singapore

Singapore's sovereign fund GIC said on Thursday it had sold its 100 per cent interest in a London property called Bank of America Merrill Lynch Financial Centre for US$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.

-REUTERS