GIC divests its 100% interest in the Bank of America Merrill Lynch Financial Centre

9 October 2014

GIC, Singapore’s sovereign wealth fund, has divested its 100% interest in the Bank of America Merrill Lynch Financial Centre (MLFC) located in City of London for £582.5m to Norges Bank Investment Management.

GIC acquired the asset from Merrill Lynch in 2007. MLFC is a 585,000-square foot office complex located at 2 King Edward Street in London.