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.