PropertyEU

Singapore's government ploughs EUR 623m in UK mall

By A staff reporter 2007-03-13T00:00:00

GIC Real Estate, the Singaporean government's investment arm, has agreed to purchase a 40% of the MetroCentre mall located in Gateshead, north-east England, from Liberty International's unit Capital Shopping Centres (CSC). The transaction value comes to £426 mln (EUR 623 mln), valuing MetroCentre at some £1.065 bn. Under the deal, ...

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