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GIC to pay £48.5m for 50% stake in UK lifestyle complex

Fund already has stake in the development via JV with seller Hammerson

GIC has made several forays into Europe this year. In November, the fund bought P3 Logistic Parks, a top European warehouse developer and manager, for 2.4 billion euros.


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 £...

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