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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

China sovereign wealth fund CIC invests in German homes

Posted on 24 October 2016

China’s sovereign wealth fund CIC has made a large investment in German residential real estate, adding to a string of recent buys of Chinese groups in Europe’s largest economy, sources close to the deal said.
German property group BGP has been sold to vehicles advised by Morgan Stanley Real Estate Investing (MSREF) at a value of more than 1.1 billion euros ($1.2 billion) including debt, BGP said in statement. The bulk of the money involved in the deal came from CIC, two people close to the transaction said. CIC was not available for comment after regular business hours………………………………………Full Article: Source


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