25.02.2011 - CIC goes shopping in Japan, for property
From WSJ: China Investment Corp.ís most high-profile real estate investment in Japan so far is just the sovereign wealth fundís latest move in steadily building up its property portfolio. CIC, together with Blackstone Group L.P., agreed to buy a Japanese property loan portfolio from Morgan Stanley last year for around US$1 billion, according to a person familiar with the matter. CIC has been showing increasing interest in distressed property assets since the financial crisis, particularly in the U.S...............................................Full Article: Source
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