(MENAFN) Qatar Investment Authority has advanced banks for a loan of more than USD 2bn to finance its acquisition of Black Rock Inc.'s Asia Square Tower 1.
Moreover, the sovereign fund will borrow between USD 1.5bn and USD 2bn, asking not to be identified because the information is private.
Additionally, QIA proclaimed a deal to purchase the office tower from Black Rock for USD 2.5bn, which is the biggest office transaction in Singapore.
Meanwhile, QIA has invested almost USD 38bn in property around the world, with USD 21.7bn in office transactions and USD 7.5bn for hotels.
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