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Pacific Star taps Mideast for US$1b

Posted on 09 October 2008

From The Star: Pacific Star, a Singapore-based property investment manager, said it hopes to raise over US$1bil from Middle Eastern sovereign funds for investments into Asia despite falling real estate prices.

“Middle East investors were focused on Europe and the United States in the past, but Asia is increasingly on their menu,” said Knut Riesmeier, the newly appointed president of Pacific Star’s Qatar office, its first in the Middle East…… Full Article: Source


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