| Kuwait Investment Authority, one of the world’s largest sovereign wealth funds, bought the Standard Chartered Plc tower in Dubai’s downtown district, signalling investor demand for income-generating assets continues even as oil declines and political tensions mount.
The 13-storey building sold for about Dh650 million, Jim Osborne, a founding partner of developer Gulf Resources Development & Investment, said in a phone interview on Thursday. Calls and e-mails to the KIA and Standard Chartered weren’t returned...............................................Full Article: Source
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