GIC to provide £60 million junior loan to Blackstone for Chiswick Park deal

PropertyWeek.comUS private equity firm Blackstone has now exchanged on its £480m purchase of Chiswick Park in west London, and will complete the deal imminently.GIC, the sovereign wealth fund of Singapore, agreed to provide a £60m junior loan for the deal last week as part of its new lending tie-up with Deutsche Bank, which is providing a £300m senior loan. Full story