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Sovereign Wealth Funds Briefing - Categorized | Investment

Abu Dhabi SWF unit invests in Oz retail

Posted on 26 October 2012

Two global sovereign wealth funds have invested A$872m ($904m) in Australian shopping centres through wealth manager AMP Ltd as part of an asset swap deal with mall owner Westfield Group. AMP said it has bought Westfield and Westfield Retail Trust’s interests in three shopping malls for A$1.025bn ($1.06bn). It sold interests in four centres to Westfield and Westfield Retail Trust for A$710m.
The transaction was backed by Canada Pension Plan Investment Board (CPPIB) and Harina Co Ltd, a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA)………………………………………..Full Article: Source


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