Chinese Sovereign Wealth Fund Buying French commercial real estate

Chinese Sovereign Wealth Fund actively buying French commercial real estate.

According to an article published in Le Figaro, Chinese investors are ready to buy 8 shopping centers in France including La Vache Noire in the Paris suburbs.

The transaction is estimated to be over 1.3 billion euros.

The Chinese sovereign wealth fund CIC (China Investment Corporation) manages 220 billion US dollars in assets.

Original article in French here