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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

IVG sells London building to a SWF

Posted on 17 December 2008

From Bloomberg: IVG Immobilien AG, Germany’s largest commercial real-estate company, sold the former London headquarters of Lloyds TSB Bank Group Plc to an unidentified sovereign wealth fund for about 125 million pounds ($191 million).

IVG bought 14 Cornhill, a building in the city’s main financial district, for 21 million pounds in 2002, the Bonn-based company said today. …. Full Article: Source


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