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Qatar Sovereign Wealth Fund May Be the Next Owner of HSBC Tower

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The Qatar Investment Authority (QIA) is still pursuing real estate assets across Europe. The sovereign wealth fund holds interests in many notable UK companies and assets such as Sainsbury’s, Harrods, London Stock Exchange and the Shard. The QIA has made a £1.1 billion offer for the HSBC tower in London’s Canary Wharf at 8 Canada Square. The sovereign fund has fended off Chinese insurance giants Ping An and China Life to become the preferred bidder.

See Institutional Investor Profile of Qatar Investment Authority

In April, the HSBC tower was put for sale by its owner, Korea’s National Pension Service (NPS). In November 2009, the NPS bought the building for £772.5 million. The NPS is looking to cash in its appreciation from London’s heated real estate office market.

Jones Lang LaSalle (JLL) and GM Real Estate were hired to sell the tower by JP Morgan (acting on behalf of Korea’s NPS.)

Mauritius Aims to Sell Citizenship and Passports to Bolster National Wealth Fund

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The island country of Mauritius plans to offer foreigners a chance to obtain country citizenship in exchange for a non-refundable contribution of US$ 1 million to the national sovereign wealth fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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CapitaLand Aims to be a Real Estate Funding Machine

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CapitaLand Investment Management, a real estate investment management arm of Singapore-based CapitaLand, hired Caleb Shen as managing director for fund management. CapitaLand is keen on growing its real estate fund management business. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Treasurer Perrottet Reveals the NSW Generations Fund

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New South Wales wants its own Future Fund.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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