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FINANCIAL NEWS
Qatar’s QIA said to eye Risanamento’s French assests
22 Jul 2013
(MENAFN) Qatar Investment Authority (QIA) is said to mull teaming up with real estate company Hines to buy assets from Italian developer Risanamento, Reuters reported citing Il Sole 24 Ore.
The Italian daily said that the Gulf sovereign fund has approached some of Risanamento’s shareholders for a potential bid on the assets the Italian real estate group assets in France and its Santa Giulia redevelopment area.
The paper said that QIA would have to offer more than USD1.7 billion for the French properties.
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