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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Kuwait buys BoA European HQ for $600mln

Posted on 07 February 2013

The Kuwait government has completed its acquisition of Bank of America’s European headquarters for GBP£385m (US$600m) from the private equity group Evans Randall, it was reported.
Kuwait Investment Authority (KIA), the Gulf state’s sovereign wealth fund, has the opportunity to double the height of the site, which is leased to Credit Suisse until October 2027, and in doing so double the size of the floor space……………………………………….Full Article: Source


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