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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Qatar beats Chinese rivals in $1.8bn deal for London’s largest office tower

Posted on 29 October 2014

Qatar’s sovereign wealth fund looks set to conclude one of the biggest property deals in UK history: the purchase of HSBC’s headquarters in London’s Docklands for $1.8bn.
The Qatari Investment Authority (QIA) has been in competition with two Chinese insurance companies, Ping An and China Life, to buy the 656ft tower, which is London’s largest office building, from South Korea’s National Pension Service (NPS). he tower has made – and lost – considerable sums for its owners in recent years………………………………………..Full Article: Source


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