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GIC Partners With British Land for Broadgate

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Singapore sovereign wealth fund GIC Private Limited (GIC) and British Land Company Plc announced a strategic partnership for Broadgate, a premier office complex in London, shortly after the Asia based wealth fund acquired a 50% stake in the complex from Blackstone Real Estate Partners Europe III and Blackstone Real Estate Partners VI. The other 50% interest is owned exclusively by British Land.

The Blackstone Group acquired the 50% stake in 2009 from British Land. The need for increased financial flexibility necessitated the sale.

The Sovereign Wealth Fund Institute noted in August 2013 that GIC had its eye on the purchase from Blackstone, but the institutional investor did not make any formal announcements until December.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

PGGM Executed its Inaugural Cleared Securities Lending Trade

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Service providers are keen on getting more beneficial owners to participate in the cleared securities lending market. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Altitude Infrastructure Gets Financing on Haute-Garonne Network Project

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Altitude Infrastructure SAS inked a 25-year concession agreement and closed a debt financing package for the deployment and maintenance of an ultra-high-speed broadband network in Haute-Garonne. Haute-Garonne is a department in the south of France.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Guggenheim Partners Agrees to Acquire Millstein & Co.

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On July 11, 2018, Guggenheim Partners inked a deal to acquire New York-based Millstein & Co., L.P., an advisory firm formed by Jim Millstein. Millstein will become co-Chairman of Guggenheim’s securities business. Millstein & Co. will become part of Guggenheim Securities, the investment banking division of the company. Ronen Bojmel will lead the combined Guggenheim restructuring team.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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