Qatar acquires choice Italian real estate
QATAR’S sovereign fund has acquired full control of a piece of prime real estate in Milan after buying out other shareholders, property group, Hines Italia, announced Friday.
Qatar has owned 40 percent of the Porta Nuova business district since 2013. Hines and insurer Unipol were among the selling shareholders in a 25-building development conservatively valued at more than two billion euros.
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