Abu Dhabi Investment Authority set for big French property deal | The National

Abu Dhabi Investment Authority set for big French property deal | The National:

"Abu Dhabi Investment Authority (Adia) is in advanced negotiations to buy a €750 million (Dh3.75 billion) property portfolio from the Swiss bank UBS.

According to filings made with the French competition commission, the Abu Dhabi sovereign wealth fund, through its subsidiary Tamweelview European Holdings, is in talks with the UBS-owned Docks Lyonnais to sign what could be the biggest deal in French commercial real estate this year.

The portfolio includes the 24,000 square metre 19th century 6-8 Boulevard Haussmann office block in the 9th arrondissement of Paris currently let to the French bank BPI as its headquarters."

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