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GIC takes Watermark slice

Hammerson is to sell a 50% stake in Watermark, the REIT’s newly-opened 17,000 sq ft leisure development in Southampton, to GIC for £48.5m.
By James Buckley
December 31, 2016 | 2:49 P.M.

GIC, Singapore’s sovereign wealth fund, is already Hammerson’s joint venture partner on the adjacent Westquay development.

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