25.10.2012 - Sovereign funds invest $904 mln in Australian malls with AMP
Two global sovereign wealth funds have invested A$872 million ($904 million) in Australian shopping centres through wealth manager AMP Ltd as part of an asset swap deal with mall owner Westfield Group. AMP said it has bought Westfield and Westfield Retail Trust's interests in three shopping malls for A$1.025 billion ($1.06 billion). It sold interests in four centres to Westfield and Westfield Retail Trust for A$710 million. The transaction was backed by Canada Pension Plan Investment Board (CPPIB) and Harina Co Ltd, a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA)...............................................Full Article: Source
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