28.01.2013 - Sovereign funds eye retail investment in Italy, Spain
Sovereign wealth funds are considering investments in southern Europe despite deep and prolonged recessions and the Eurozone crisis now into its third year, the ICSC-Thomson Reuters Global Retail Real Estate Forum heard last week. The prospect of high yields from prime retail is attracting cash-rich investors, but deals are difficult as sellers are unwilling and risks of further falls remain. Sovereign wealth funds, that derive their wealth from national oil reserves and currency stockpiles, have more than $4tr assets under management said Bruce Nutman, partner and head of retail investment at British realtor Knight Frank. Funds..............................................Full Article: Source
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