The Government of Singapore Investment Corporation (GIC) has snapped up a 10.4% stake in Brixton
GIC said today it had increased its holding in the industrial property REIT to 28m shares, which are valued at £145m. Most of the shares were bought from HBOS, which has halved its holding to 10.2%.
'Through the last couple of decades they have had over 20% of Brixton, but such a concentrated holding has perhaps become anomalous compared to our other investors and indeed our peer group.
'We are delighted that GIC have bought into the company taking approximately half of HBOS's holding. They are serious global investors and we are also pleased that HBOS have remained substantial investors.'