25-building development valued at more than $2.2 billion.| glObserver Global Economics


Qatar’s sovereign fund has acquired full ownership of Milan’s most significant business district next buying out other shareholders, property group Hines Italia announced Friday. The Qatar Investment Authority has owned 40 % of the Porta Nuova business district since 2013.

Source: globserver.cn

Hines boss Manfredi Catella would not disclose how much the Qataris had paid but hailed their willingness to splash out as "an extremely positive signal for Italy in terms of the attractiveness of the country."

See on Scoop.itglobserver middle east

Author: globserver

Director of Eyecom china

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