John Paulson is sticking to his story that he won’t be moving to the tax-friendly shores of the Singapore of the Caribbean. On the other hand, he’s just bought some pretty nice Class A space from Robert Benmosche to go along with all of those miles of beachfront on which he could conceivably live.

U.S. hedge fund Paulson & Co is upping its bet in Puerto Rico real estate with the purchase of an office building in San Juan’s financial district from American International Group Inc….

Paulson & Co did not say how much it paid for the building, known as American International Plaza and located the Hato Rey area of San Juan. Tenants include AIG, UBS, KPMG , Oracle Corp, Charles Schwab Corp and local law firms O’Neill & Borges and Goldman Antonetti and Cordova.

Paulson & Co hedge fund ups Puerto Rico real estate bet [Reuters]

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  1. Posted by Guest | August 18, 2014 at 2:22 PM

    It's alright Shazzy go back to sleep no one is working apparently