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GIC sold its 17.5% stake in the Bluewater shopping centre in the UK for £120 million ($152 million) to Land Securities Group (Landsec), a London-based commercial property development and investment company.
GIC reportedly acquired its stake in the mall in 2005 from the property investing unit of Prudential, now M&G Real Estate, for £318 million.
Bluewater is the fifth largest mall in London. The mall has more than 300 outlets across three levels. In a June 25 press release, Landsec said it now owns 66.25% of Bluewater.
Source: Landsec
Partners Group is working with China Investment Corp (CIC) and Middle…
