PropertyEU

GIC buys Merrill Lynch's London HQ for EUR 710m

By A staff reporter 2007-06-20T00:00:00

Financial services group Merrill Lynch has sold its European headquarters in the City of London to GIC, the investment arm of the government of Singapore, for £480 mln (EUR 710 mln). Merrill Lynch said it will rent back the property on a 15-year lease. The financial terms of the lease ...

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