31/01/2014 (Agence Europe) - Mergers: GIC Realty-British Land/Broadgate. On 31 January, the European Commission gave the go-ahead to the acquisition of joint control over Bluebutton Properties Limited (Broadgate) by GIC (Realty) Private Limited (GIC Realty) and The British Land Company plc (British Land). GIC Realty is the holding company for real estate investments made on behalf of the Government of Singapore, while British Land is a British company owning and managing a portfolio of commercial properties. Broadgate in turn manages a complex of buildings in London. The Commission assessed the effects of the proposed transaction on the markets for real estate and concluded that the transaction would not raise competition concerns given the limited market shares of the merged entity. The operation was examined under the simplified merger review procedure. (FG/transl.fl)