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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

SWF makes Asian debut

Posted on 09 February 2009

From Propertyweek.com: St Martins, the property company of Kuwait’s sovereign wealth fund, has bought a 27-storey residential tower in Tokyo for JPY 13bn (£105m) in its Asian debut. The Kuwait Investment Authority owned property group bought the Lietocourt Arx Tower in Minato, Tokyo’s business district, from fund manager KK daVinci Advisors.

The 319,700 sq ft building, which was completed in February 2007, has 281 serviced apartments….. Full Article: Source


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