Abu Dhabi’s Massive Sovereign Fund Eyes Paris Property Portfolio

paris_propThe Paris institutional real estate market continues to attract sovereign wealth money whether from Norway, Asia or the Gulf states. Sovereign funds are looking to diversify their real estate holdings in Europe, targeting other cities besides London. The Abu Dhabi Investment Authority (ADIA), through its sovereign wealth enterprise Tamweelview European Holdings, is in discussions of acquiring a €750 million property portfolio owned by Dock Lyonnais SA, a French subsidiary of a UBS advised fund.

The investment portfolio includes: 6-8 Boulevard Haussmann office block, Business Park in Antony, an office block in Nanterre and other properties.

This upcoming deal follows on the back of the Abu Dhabi Investment Authority’s major real estate acquisition of Tourism Asset Holdings in Australia.

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