18.03.2014 - Regional sovereign wealth funds rack up $5.6bln worth of deals
Middle East sovereign wealth funds completed seven major direct property deals worth a total of US$5.6 billion last year and more big ticket purchases are expected over the coming months. The deals involved commercial, retail and hotel properties. According to the property broker JLL, the Kuwait Investment Authority sealed the largest middle Eastern sovereign wealth fund deal last year when St Martins, the property division of the Kuwait government, agreed to buy the 13-acre More London office and restaurant complex near London Bridge in London for $2.7bn...............................................Full Article: Source
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