According to recent market indiscretions the Sovereign wealth fund of Kuwait is prepared to purchase the English company British Land, one of the biggest British real estate operators that boasts a portfolio of properties equivalent to around 11 billion sterling just under 13 billion euro.
The Kuwait Investment Authority (KiA) seems to have put forward an offer of 10 billion euro to secure the purchase of the English company.
The principal assets include numerous offices in London – around 43% in the heart of the city and the remaining 57% in the West End, with close to 95% possession. Further assets include many retail structures located around the country, just under half of which are shopping centers.
The residential section, which is slightly less significant in comparison, includes 850 million sterling of developments already under way or in stages of development.
The professionals in this field consider this speculative offer to be positive for the real estate sector on the whole. On the contrary to the past, the Sovereign wealth fund of Kuwait currently aim to purchase the entire company and not just the majority.
