New World Development and Chow Tai Fook Enterprises have entered into an agreement with Abu Dhabi Investment Authority to form a venture to own the Grand Hyatt. Photo: Dickson Lee

Sovereign wealth funds step up their property investments in Asia-Pacific

HK hotels deal by Abu Dhabi Investment Authority highlights appetite for trophy assets

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New World Development and Chow Tai Fook Enterprises have entered into an agreement with Abu Dhabi Investment Authority to form a venture to own the Grand Hyatt. Photo: Dickson Lee
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