| China Investment Corporation, the world’s fourth-largest sovereign wealth fund, and LaSalle Investment Management may be edging close to winning preferred bidder status on Morgan Stanley’s $8.9 billion Investa Property Group.
While a decision is imminent and rival suitors, including Cromwell Property Group which has assembled a powerful consortium with the inclusion of the Future Fund, have made compelling bids, the Chinese fund has been buying up trophy assets globally and is making an aggressive grab for the Investa portfolio, which includes gems such as a stake in Sydney’s Deutsche Bank Place...............................................Full Article: Source
|