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Vol 53 No 19

Published 21st September 2012


Luanda buys Mayfair trophy

Despite the ruling party’s election win, criticism is growing of its opaque financial management, including property investments in London

Angola has spent £220 million (US$356 mn.) from funds ostensibly intended for long-term investment in the national infrastructure on a ‘trophy’ property in Mayfair, London. Plaza Global Real Estate Partners announced at the end of August that it had bought the 103,000 square foot (9,570 sq. metre) prestige office block at 23, Savile Row on behalf of the Fundo Soberano Angolano (Angolan Sovereign Fund).

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