25 November, 2006

Oil billions pumped into Stockholm property

Quote:
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.

3 comments:

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?

Post a Comment

NOTE: By making a post/comment on this blog you agree that you are solely responsible for its content and that you are up to date on the laws of the country you are posting from and that your post/comment abides by them.

To read the rules click here

If you would like to post content on this blog click here