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China’s CIC Wealth Fund Plans More Deals in Europe

2014/01/14 by Syndicated Content Leave a Comment

CIC Chiswick Park London

CIC’s Chiswick Park in London

China Investment Corp., the country’s $575 billion sovereign wealth fund, favors European infrastructure and real estate as developed markets will drive the next phase of the global economic recovery.

“Europe has a lot of potential,” CIC Chairman Ding Xuedong said yesterday at a conference in Hong Kong. “It is turning from negative to positive so there should be a lot of investment opportunities.”

In November last year CIC bought the Chiswick Park London office project from private equity firm Blackstone for more than US$1.28 billion. During 2012, the fund acquired the London headquarters of investment bank Deutsche Bank for approximately $392 million as well as picking up a  $724 million stake in Heathrow Airport through a CIC subsidiary.

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Filed Under: Outbound Investment Tagged With: Blackstone, China Investment Corporation, Chiswick Park, CIC, crebrief, Deutsche Bank, Real Estate, Sovereign wealth fund

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