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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

China’s CIC and AEW Team Up to Buy Two French Malls From Grosvenor for $206M

Posted on 02 November 2016

China Investment Corporation (CIC) decided a little retail therapy was in order after announcing it had recorded a loss on overseas investment in 2015 a few months back. For the sovereign wealth fund this shopping binge meant investing €188 million ($206 million) to buy two French malls — its second set of shopping centres in the country.
As with its previous Gallic retail acquisition, CIC has teamed up with private investment manager AEW to purchase and manage the newly acquired assets……………………………………Full Article: Source


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