25 November, 2006

Oil billions pumped into Stockholm property

Sturegallerian, Stockholm's most glamorous shopping mall, has been sold to the United Arab Emirates for 4 billion kronor.
. . .
The official buyer is Tamweelview European Holdings, which is owned by the Abu Dhabi Government Investment Authority. The latter is one of the world's biggest investors and is controlled by the president of the United Arab Emirates, Sheik Khalifa bin Zayed Al-Nahyan.

Tamweelview's offer was too good for Diligentia to refuse, according to manging director Per Uhlén.

"We had very high price expectations - and they have been exceeded," he told Metro.


Anonymous said...

I hope they see returns on the investment

Anonymous said...

Wonder if Sheikh Khalifa himself will go and sample the high-class nightlife in his new properties ;-)

rasha from cairo said...

i wonder what is gonna happen to his dad's hotel in london?

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