Singapore’s GIC builds stake in British Land

Financial Times
By Daniel Thomas and Neil Hume
Published: January 10 2008 07:08 | Last updated: January 10 2008 07:08

The Singapore government has quietly built a large stake in British Land in a sign that investors could be returning to the battered UK commercial property market.

GIC, Singapore’s investment arm, on Wednesday declared a stake of just more than 3 per cent in the real estate investment trust, adding to its already significant holdings in commercial property.

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