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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

LandSecs sells London block to Libyan fund

Posted on 02 July 2009

From Reuters: Britain’s biggest property company, Land Securities, has sold its Portman House retail and office building on London’s Oxford Street to Kinloss Property Limited, a wholly owned subsidiary of the Libyan Foreign Investment Company (LAFICO) for 155 million pounds ($254.8 million).

London is fast becoming a favourite destination for sovereign wealth fund capital after a near-45 percent fall in average property prices since June 2007………Full Article: Source


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