GIC to pay £48.5m for 50% stake in UK lifestyle complex
Fund already has stake in the development via JV with seller Hammerson
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE sovereign wealth fund GIC will pay close to US$60 million for a 50 per cent stake in a leisure and dining development in Britain, a joint statement said on Friday.
GIC, one of the world's top 10 state investment funds, will pay British property firm Hammerson £48.5 million (US$59.6 million or S$86.2 million) for a larger stake in the newly opened Watermark development in Southampton, the statement said.
Share with us your feedback on BT's products and services
TRENDING NOW
Hong Leong Asia acquires bomb shelter supplier Yong Tai Loong for S$90.7 million
From intern to C-suite: JPMorgan’s Teresa Heitsenrether on building a fully AI-powered ‘megabank’
Strengthening Asean’s economic resilience through RCEP’s 2027 review
Middle East-linked energy supply shocks put Asean Power Grid back in focus
