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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Qatari fund negotiating purchase of Pokrovsky Hills

Posted on 17 January 2014

Qatari sovereign investment fund QIA is negotiating to buy Moscow residential community Pokrovsky Hills from a subsidiary of Goldman Sachs, a news report said Thursday. Discussions between QIA and Whitehall, Goldman’s real estate investment fund, are currently in the advanced stage, even though no final deal has been concluded, Vedomosti reported.
Two sources close to both sides of the talks have confirmed the information. Spokespeople for Goldman Sachs, real estate consultancy Cushman & Wakefield — which handles rentals at Pokrovsky Hills on behalf of the investment bank — and the property management firm Hines have declined to comment. QIA did not respond to an inquiry concerning the pending deal………………………………………..Full Article: Source


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