The Daily Telegraph
By Sophie Brodie
Last Updated: 1:27am GMT 10/01/2008
A secretive Singaporean government fund has emerged with 3pc of British Land, signalling that UK property stocks have become attractive again.
The move comes after months of anticipation that predators would swoop on the beleaguered real estate market which has seen property shares tumble by 40pc in the past year.
Fresh from bailing out Swiss bank UBS with a £5.7bn cash injection, the Government of Singapore Investment Corporation (GIC), which manages over $100bn (£51bn) of state reserves, unveiled its stake in the UK's second largest property group yesterday.
Full story
