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Sovereign Wealth Funds Briefing - Categorized | Investment

Qatar buys into Milan skyscraper project

Posted on 21 May 2013

Qatar’s sovereign wealth fund has bought a 40-percent stake in a new 290,000-square metre skyscraper project near the centre of Milan with a commercial value of 2.0 billion euros ($2.6 billion), the companies said on Friday.
The project has already involved the construction of the skyscraper headquarters of Italy’s biggest bank UniCredit by Argentine architect Cesar Pelli. “Porta Nuova is one of the most prestigious urban renovation projects in Europe,” real estate giant Hines Italia and Qatar Holding said in a statement…………………………………Full Article: Source


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