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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Trends

Investors Go Bargain-Hunting for U.K. Property After Brexit Vote

Posted on 20 July 2016

Global investors are on the hunt for U.K. property bargains, expecting that Brexit-fueled economic turmoil could weaken real-estate values. The drop in the value of sterling has only increased the appeal.
Norway’s sovereign wealth fund announced it bought a retail and office property on Oxford Street, one of London’s main shopping destinations from Aberdeen Asset Management for £124 million ($164.3 million). Aberdeen, which resumed trading in its U.K. property fund last week, declined to comment………………………………………..Full Article: Source


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