General Growth bidders woo sovereign wealth funds

03/15/2010 | Financial Times (tiered subscription model)

Sovereign wealth funds are working behind the scenes with the various bidders for General Growth Properties, according to Guy Metcalfe, head of real estate investment banking for Morgan Stanley. Funds working with such players as Brookfield Asset Management, Simon Property Group and Blackstone -- which has been said to be seeking to join Simon's bid -- include Abu Dhabi Investment Authority and Qatar Investment Authority.

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