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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

China’s CIC in GBP245 mln RE deal

Posted on 09 November 2012

China Investment Corporation (CIC), the PRC’s $480 billion sovereign wealth fund, has completed its first direct office acquisition in London, according to reports in the UK national and property press.
The $480 billion state fund and joint venture partner Invesco Real Estate completed the purchase of Winchester House in the City of London for £245 million (€307.45 million; $391.88 million) from German open-ended fund manager KanAm………………………………………..Full Article: Source


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