Singaporean sovereign wealth fund GIC has taken a 75% stake in Paddington Central, a collection of assets owned and developed by British Land, for £694 mln (€824 mln).
European real estate investment manager Europa Capital has announced the appointment of Roberto Varandas to the newly created role of head of business development, as it works in partnership with its majority shareholder, Mitsubishi Estate Co. (MEC), a Japanese listed real estate developer, to expand its global capital raising capability.
