17.05.2013 - Qatar buys 40pct stake in Milanís Porta Nuova business district
Qatar Holding LLC, a unit of the Persian Gulf emirateís sovereign-wealth fund, agreed to buy a 40 percent stake in Milanís newly built Porta Nuova business district to expand its Italian real estate holdings. Qatar Holding signed a strategic partnership with Hines Italia SGR, the projectís developer, and agreed to purchase the stake through a subscription of newly issued shares, the companies said in an e-mailed statement today. While the purchase price wasnít disclosed, they said the project is valued at about 2 billion euros ($2.6 billion)...............................................Full Article: Source
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