Abu Dhabi invests in Swiss mall

May 31, 2014 1:13 am

Abu Dhabi Investment Authority (ADIA), the emirate’s sovereign wealth fund, is investing in shopping centre development Mall of Switzerland. Private equity fund manager FREO, backed by ADIA’s Tamweelview European Holdings, is funding the scheme in Ebikon, Luzern. The centre will include 46,000 sq m of retail, as well as leisure space, and restaurants. Construction of the mall will begin next month, three years after Halter was given exclusive rights to develop the mall and seek investors. The mall is scheduled to open in 2017.