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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market

ADIA Said to Oppose L&R in Bidding for Former UniCredit Milan HQ

Posted on 17 February 2015

Abu Dhabi Investment Authority, the world’s second-biggest sovereign wealth fund, and London & Regional Properties Ltd. have bid for the former headquarters of UniCredit SpA in Milan, according to two people familiar with the matter.
Offers were between 280 million euros ($319 million) and 320 million euros, said the people, who asked not to be identified because the matter is private. ADIA is bidding with local partner Hines Italia SpA against U.K.-based London & Regional which is working with Milan-based real estate manager Prelios SpA, the people said………………………………………..Full Article: Source


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