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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Paris property seen in line for more sovereign wealth investment

Posted on 23 January 2013

More sovereign wealth fund capital is likely to be invested in Paris property as its managers come under rising pressure to find the core assets and place growing amounts of national savings, say French property specialists. Malaysia’s PNB may be the next to jump the Channel from London following Hong Kong’s Monetary Authority and, more recently, Azerbaijan’s SOFAZ.
Olivier Gerard, President of Cushman & Wakefield France, which advised the State Oil Fund of Azerbaijan (SOFAZ) on its recent acquisition – a €135m historic office asset on the Place Vendome - said Paris is next in line for sovereigtn capital previously most active in New York and London………………………………………..Full Article: Source


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