That stock News

Bluewater attracted bids overseas: The Bluewater real estate purchases in the suburbs of London is one of the largest in the United Kingdom

Government of Singapore Investment Corporation (GIC), Canada Pension Plan Investment Board (RPC) and Oxford, municipal Ontario (Omers), all employees pension property arm properties seem to be planning a bid in the next two weeks, according to sources.

Last month, Hermes Real Estate announced sold its 7 5pc interested Bluewater in Kent, it holds on behalf of BT .the pension fund database ' issue is estimated at $ 120 million to ￡ .the centre is attracting funds overseas due to its trophy nature and stability of revenues in the long term.

Governor in Council has a 17 holding Bluewater 5pc and it is understood that his colleague investor Prupim, Prudential, investment Division also plans to expand its participation through the acquisition of the share of Hermes.

However, according to sources, Hermes may reconsider a sale because Chris Taylor, new Director General of his property, ARM rates of Bluewater participation highly.

The proposed sale shopping centre is part of a wave asset detail currently on the marché.Selon estimates of Knight Frank, ￡ 2 United malls are for the sale of United Kingdom, the highest level since the third quarter of 2007.

Despite the concerns of the economy, the centres are proving attractive to domestic investors and étrangers.La last week, Land Securities believes have agreed a deal to buy Overgate Mall in Dundee to 140 million of ￡.

"Everything that is there is going to offer," said Anthony Havelock, a partner in the Knight Frank investment. "People believe that it is a sector which is still worth it.?

Active on the market include the Fosse Park, 360 m ￡ Leicester retail park seems to attract Reit F. c. & and Drake Circus, Mall of Plymouth's David Ross.On believes that Mr. Ross, co-founder of Carphone Warehouse, seeking some 230 m ￡ Centre with favorite British land and universities superannuation scheme.

View the original article here