Abu Dhabi Investment Authority, one of the world’s biggest sovereign wealth funds, is investing alongside Singapore’s state fund GIC Pte in the headquarters of Time Warner Inc in New York City. Reports said that the sovereign wealth fund was part of a $1.3bn deal, which is now in the final stages. The buyer, led by […]
Abu Dhabi Investment Authority, one of the world’s biggest sovereign wealth funds, is investing alongside Singapore’s state fund GIC Pte in the headquarters of Time Warner Inc in New York City.
Reports said that the sovereign wealth fund was part of a $1.3bn deal, which is now in the final stages.
The buyer, led by real estate firm Related Group, has secured money for this from Abu Dhabi and Singapore, which agreed to finance more than 80% of the purchase, it was reported in The Wall Street Journal.
The deal is said to be one of the biggest in a surge of businesses involving foreign investors in US commercial real estate.
