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Libya goes West for property

Libya is on the hunt for real estate investment in the West.

The nation’s $70bn (£50m) sovereign wealth fund is specifically looking at commercial buildings and portfolios that mainly concentrate “on real estate in different parts of the world, in Europe and the US”.

The Libya Investment Authority has bought an office block through an affiliate in London as a precursor to its property hunt.

18/03/09 Financial Times 10

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