24.11.2015 - Qatar Investment Authority eyes Paris and Tokyo
Qatar Investment Authority (QIA) and Ascott’s Serviced Residence Global Fund are set to invest US $137 million in assets in Paris and Tokyo. The fund has acquired two prime properties in Paris and Tokyo for $104 million, adding Citadines Suites Champs-Élysées Paris – former private residence of Hennessy family – and Somerset Shinagawa Tokyo to the portfolio. A further investment of $33 million will convert the office building in Paris into a luxury serviced residence, and will embark on asset enhancement to reposition the serviced residence in Tokyo, bringing the total investment to $137 million...............................................Full Article: Source
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