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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Market

GCC funds eyeing New York assets - lawyer

Posted on 22 June 2010

From Arabianbusiness.com: GCC sovereign wealth funds are seeking to invest heavily in the New York property market, a leading Manhattan-based real estate lawyer has told Arabian Business.
“There’s definitely been a renewed interest from Middle Eastern governmental funds coming back into the market, reworking their positions, and pre-negotiating with lenders on major positions that they’re holding,” Rheem Bell & Mermelstein co-founder Edward Mermelstein said in an interview……………………………………….Full Article: Source

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