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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Market

Birmingham sets its sights on sovereign wealth fund investment

Posted on 09 March 2012

Birmingham is offering a partnership with the largest Municipal Authority in Europe to cash rich sovereign wealth funds (SWFs) as a means of attracting around £1 billion of investment into the city’s property portfolio at the world’s largest real estate event this week.
Mike Whitby, Leader of Birmingham City Council said: “In the current economic climate, finding the funding needed for ambitious development projects can be challenging. Sovereign wealth funds have the means, liquidity and long-term vision to support such investments and could be the key to unlocking Birmingham’s potential as a truly competitive global city.”……………………………………….Full Article: Source


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