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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

China’s CIC Invests $700M in Brookfield’s 1 New York Plaza

Posted on 27 May 2016

Mainland sovereign wealth fund China Investment Corporation has made its first significant US real estate investment, acquiring a 49 percent interest in the 1 New York Plaza office tower from Brookfield Property Partners for $700 million, according to reports in the New York press.
CIC, as it is popularly known, has been China’s biggest investor in overseas properties, and has acquired or invested more than $7 billion into real estate assets outside of China since 2012, according to data compiled by Mingtiand……………………………………….Full Article: Source


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