www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Make me your Homepage
left corner left corner
China Daily Website

SAFE to buy Paris shopping center: Report

Updated: 2013-10-15 07:37
By Li Xiang in Paris and Yang Ziman in Beijing ( China Daily)

China's State Administration of Foreign Exchange is seeking to acquire a large shopping center in Paris with the aim of diversifying its investment portfolio into the European high-end commercial real estate market, according to a French media report.

SAFE, which manages the country's $3.4 trillion in foreign-exchange reserves, is among the potential bidders to buy the Beaugrenelle shopping mall situated in a prime location of the capital, the French newspaper Le Figaro reported.

The report didn't specify whether SAFE had designated any fund or investment company to make the bid. SAFE established a fully owned company, SAFE Investment Co Ltd, in Hong Kong in 1997. That entity has served as an investment arm of SAFE, helping manage its foreign-exchange reserves through overseas investment.

The approximate value of the potential acquisition is at least 700 million euros ($947 million), which will make it one of the most expensive retail spaces in France if the deal proceeds, according to the report.

The owners of the shopping center, Gecina SA, a French real estate investment trust that holds an 85 percent stake, and the APSYS Group, a commercial property operator, declined to comment when contacted by China Daily.

No comment was available from SAFE either.

Industry experts said the acquisition is a logical move for SAFE, as it is expected to offer safe and stable investment returns in the long term, given the shopping center's ideal location, just stone's throw away from the Eiffel Tower on the left bank of the River Seine.

Zheng Chaoyu, a currency expert at Renmin University, said that SAFE is diversifying its investment portfolio to lower risks. It sees great potential in physical assets in Europe, which may be safer or yield higher returns than US government securities.

"China is now growing more cautious about Western financial products. It is making investments on its own to guarantee the value of foreign reserves," said Zheng. "After all, it is safer to put the eggs in more than just a few baskets."

The other four potential bidders are French real estate company Altarea SCA, British property investment company Hammerson Plc, US-based real estate fund Rockspring Property Investment Managers LLP and German fund Union Investment, according to the report.

One person with knowledge of the deal was quoted by Le Figaro as saying that SAFE has a good chance to win the bid, as the other candidates will find it difficult to convince their shareholders to pay more than 700 million euros with a yield of less than 4.5 percent, while a sovereign fund can be satisfied with the rate.

The Beaugrenelle shopping center represents an investment of more than 450 million euros. It's scheduled to open on Oct 23 with 120 shops, one department store, a 2,000-seat cinema and a dozen restaurants with a view of the River Seine, according to the press kit of the shopping center.

Contact the writers at lixiang@chinadaily.com.cn and yangziman@chinadaily.com.cn

8.03K
 
...
...
主站蜘蛛池模板: 久久这 | 日韩精品一区二区三区在线观看 | 久草福利资源 | 国产成人v视频在线观看 | 亚洲天堂男人天堂 | 韩国v欧美v亚洲v日本v | 啪视| 精品免费久久久久欧美亚一区 | 三级a黄| 国产视频二区在线观看 | 91国内视频| 欧美 自拍 丝袜 亚洲 | a级毛片免费高清毛片视频 a级毛片免费高清视频 | 男人天堂久久 | 欧美最大成人毛片视频网站 | 成人精品国产亚洲欧洲 | 韩国精品一区二区三区在线观看 | 在线视频一二三区2021不卡 | 国产做a爰片久久毛片 | 国内精品伊人久久久影视 | 国产高清视频在线 | 国产视频高清在线 | 久久国产国内精品对话对白 | 国产精品一区二区三区高清在线 | 国产成人18 | 天天澡天天碰天天狠伊人五月 | 午夜国产精品久久久久 | 99久久99久久久99精品齐 | 亚洲毛片在线 | 美女张开腿让男生桶出水 | 久久88香港三级台湾三级中文 | 波多野结衣一区二区 | 成人欧美视频在线观看 | 国产欧美自拍视频 | 久久网站免费 | 亚洲综合成人网在线观看 | 欧美一区二区在线视频 | 噜噜噜狠狠夜夜躁精品 | 99精品国产兔费观看久久99 | 亚洲国产伦理 | 美女张开腿黄网站免费 |