SWFI First Read, May 3, 2017

BVK Buys a Retail Center in Atlanta Suburb

On behalf of Bayerische Versorgungskammer (BVK), CBRE Global Investors and Universal-Investment, have acquired the North Point MarketCenter in Alpharetta. Alpharetta is a suburb of Atlanta, Georgia, for roughly US$ 109 million. CBRE Global Investors plans to make improvements to the property. The seller was PGIM Real Estate. The property is located at 6200 N. Point Parkway.

Norway’s Sovereign Wealth Fund Challenged in Singapore and Japanese Real Estate

Norges Bank Investment Management’s CEO Yngve Slyngstad told Norway’s Finance Committee that he does “not see attractive property projects in Singapore and Tokyo today.”

Aberdeen Asset Management Hires New COO for APAC Region

Aberdeen Asset Management named Vance Duigan as chief operating officer of the Asia-Pacific region. Duigan replaces Andrew Narracott. Vance Duigan is a former executive at Goldman Sachs.

Turkey Wealth Fund Looks to Partner with IDB on Islamic Mortgages

The Turkey Wealth Fund inked a deal with the Islamic Development Bank (IDB) to explore the formation of Islamic mortgages and different types of opportunities.

Sullivan & Cromwell Partner Jay Clayton to Head SEC

The U.S. Senate has confirmed Jay Clayton to lead the U.S. Securities and Exchange Commission (SEC). Clayton won approval from the Senate in a 61 to 37 vote. Clayton is a Partner at law firm Sullivan & Cromwell LLP.

Korea’s NPS Seeks to Unload Sony Center in Berlin

South Korea’s National Pension Service (NPS) is looking to sell its ownership stake in the Sony Center in Berlin. NPS hired Eastdil Secured and BNP Paribas Real Estate to find buyers. NPS invested in the property in 2010 which is located in Potsdamer Platz.

South Korea’s Construction Workers Mutual Aid Association Select Goldman Sachs and Park Square Capital for Mandates

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