The QIA, which has estimated assets of $60bn, plans to invest in real estate in Asian cities where there is strong economic growth and a shortage of quality property

QIA buys into property fund
Published: Friday, 30 May, 2008, 06:51 AM Doha Time

DUBAI: JSM Indochina Ltd, the Vietnam and Cambodia property fund whose
shares trade in London, said Qatar’s sovereign wealth fund bought
14.2mn shares representing a 5.74% holding.
The Qatar Investment Authority ranks behind shareholders including JSM
chief executive Officer Craig Jones with 13.3%, Lehman Brothers
Holdings Inc with 12% and Swiss Re with 6.5%, JSM said in a statement
e-mailed late yesterday.
The QIA, which has estimated assets of $60bn, plans to invest in real
estate in Asian cities where there is strong economic growth and a
shortage of quality property, head of real estate Navid Chamdia said
in a May 6 interview.
The QIA bought a 27% stake in Vietnamese property fund Dragon Capital
and owns 49% of one of Malaysia’s biggest shopping malls, Pavilion
Kuala Lumpur. – Bloomberg
.