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Sovereign-Wealth Funds Agree to Invest $380 Million in Italian Property

Sovereign-wealth funds are picking up Italian real estate as the nation’s economy recovers. Government investment funds in Azerbaijan, Abu Dhabi and Qatar in the past two weeks have agreed to invest a combined €350 million ($380 million) to buy and develop three separate properties in Milan, according to a person…

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Click here to read the full story: Wall Street Journal

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