28.07.2015 - China Sovereign Wealth Fund Breaks Record for Office Property Deal
One of the world’s largest sovereign wealth funds has acquired a nine-tower portfolio of office assets for a staggering $2.45 billion sum, in what is believed to be the largest direct property transaction in Australian history. An office deal clinched by sovereign wealth fund China Investment Corporation (CIC) has broken the record for the largest direct real estate transaction in the history of the Australian property market. CIC’s sealed its acquisition of the portfolio of nine office towers owned by Invest Property Group with a peremptory bid of more than $2.45 billion – the largest ever made on Australian shores as part of a direct real estate deal...............................................Full Article: Source
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