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Mon 26 Mar 2012 10:54 AM

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Abu Dhabi eyes US$524m sale of Aon London HQ - report

US-based asset mgmt firm Blackstone Group is in talks to buy the building

Abu Dhabi eyes US$524m sale of Aon London HQ - report
(Image for illustrative purposes only)

US-based asset management firm
Blackstone Group is reportedly in talks to buy the London headquarters of
American insurance giant Aon, which is part owned by Abu Dhabi.

The building is owned by
Rockpoint Group and the Abu Dhabi Investment Authority sovereign wealth fund
and the deal is set to be worth in the region of
GBP£330m (US$524m), the UK-based Sunday Times newspaper reported yesterday, without
revealing its sources.

Founded in 1976, the
Abu Dhabi Investment Authority manages assets of around US$627bn and is
ranked as the largest sovereign wealth fund in the world by the Sovereign
Wealth Fund Institute.

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