21.12.2015 - Abu Dhabi sovereign fund looks beyond trophy sites and major cities
The four-star Renaissance hotel in Raleigh, N.C., and the cluster of 75 residential apartments in east London called Fizzy Canning Town have little in common except that they share a landlord based in a Middle Eastern desert thousands of miles away. That landlord—the Abu Dhabi Investment Authority, or ADIA—has become one of the largest property owners in the world. Increasingly, its army of Persian Gulf-based deal makers is looking beyond the trophy properties that have attracted sovereign-wealth funds in the past to a broader range of cities and buildings...............................................Full Article: Source
Print