Finance

British Land sells 75% of Paddington Central assets to GIC

By 2022-04-25T07:25:00

Paddington Central

British Land has sold a 75% interest in its Paddington Central assets to Singaporean finance giant GIC for £694m, 1% less than the September book value.

The transaction on the west London scheme will establish a new joint venture with GIC following completion of the deal within three months.

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