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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

A real estate tale of two cities

Posted on 03 January 2013

Paris looks to steal a march on London as the key target for chinese property investors. After China Investment Corp, the country’s $410-billion (313 billion euros) sovereign wealth fund, bought Deutsche Bank’s headquarters in London for a reported $403 million, the French capital stepped up its efforts to lure Chinese investors interested in the European commercial real estate market.
“We have one competitor in Europe, which is London,” said Benoit du Passage, chairman and CEO of the real estate company Jones Lang LaSalle France and Southern Europe……………………………………….Full Article: Source


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