Singapore’s sovereign wealth fund GIC has indicated that its appetite for UK commercial property is undimmed after Brexit, with a £48.5m deal to invest in a development owned by FTSE 100 retail property group Hammerson.
One of Singapore's largest lenders, UOB, says it has suspended its loan programme for London properties.
The decision comes in response to uncertainty caused by the UK's decision to leave the EU, the bank said.
The vote on 23 June caused global market turmoil and pushed the pound to 31-year lows. The Singapore dollar has gained about 10% since the referendum.
Singaporeans were the top Asian buyers of UK commercial property in 2015, according to consultancy Knight Frank.
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