12.05.2014 - Sovereign Wealth Funds Are Shaking Up the European Real Estate Market
Over the past year sovereign funds have been snapping up prime properties in London and have begun to make inroads into Europe - a wave of activity that'saccelerating. In December, Singaporean sovereign wealth fund GIC purchased a 50 percent stake in Broadgate, a sprawling office complex on the edge of the City of London financial district, for GBP 1.7 billion, in one of 2013's biggest deals. And in January of this year, China Investment Corp., a $650 billion sovereign wealth fund, shelled out GBP 800 million for Chiswick Park, a 33-acre (13-hectare)office park in West London...............................................Full Article: Source
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