Sovereign Wealth Fund Institute

According to Business 24-7, “Abu Dhabi Investment Authority (Adia) is investing in two towers in Rio de Janeiro, Brazil. Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan, who is on a visit to the South American nation, inspected the construction progress of the towers. Earlier in Brasilia, Sheikh Abdullah held talks with Minister of External Relations of Brazil Celso Amorim and discussed means of enhancing co-operation in areas of economy, trade and investment between the two nations. The UAE side called for concluding bilateral agreements on avoidance of double taxation and encouragement and protection of investment. Arrangements for the upcoming visit of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE and Ruler of Dubai, to Brazil next year were also discussed.”

read more: Business 24-7

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According to the Australian, “the Abu Dhabi Investment Authority, will take a $280 million stake in Lend Lease’s new office-tower project, Darling Walk, on the edge of the Sydney CBD as it expands its Australian property portfolio.”

read more: The Australian

Bloomberg writes that, “Lend Lease Corp. won backing from the Abu Dhabi Investment Authority for plans to build a A$600 million ($549 million) office tower at Sydney’s Darling Harbor, the Australian Financial Review reported, without saying where it got the information.”

read more: Bloomberg

The press release states, “Diligentia AB has today reached an agreement regarding the sale of all shares in Sturegallerian AB to Tamweelview European Holdings S.A, an institutional client to AXA REIM

Sturegallerian AB owns the Sperlingens Backe 27 and 56 properties and the Sperlingens Backe 55 site leasehold property at Stureplan in Stockholm.

The properties and the site leasehold property that are owned by Sturegallerian AB comprise in total approx. 60,000 sq.m. of lettable area, excluding garages, of which approx. 37,000 sq.m. comprises offices and approx. 13,000 sq.m. comprises stores in the Sturegallerian mall, the Sturebadet pool and spa, as well as the Sturehof, Sturecompagniet and Tures restaurants. The purchase price for the shares is based on an underlying value of the properties and the site leasehold property of approximately SEK 4 billion.”

read more: Catella Property Group