SWFI First Read, October 13, 2015
Norway’s SWF Gets Closer on Asia Square Tower in Singapore
An investor group consisting of Norway’s Government Pension Fund Global (GPFG) and Singapore’s biggest developer CapitaLand Ltd. were selected as the preferred bidder for a Singapore office tower called Asia Square Tower 1. BlackRock is the seller. Other bidders include ARA Asset Management Ltd. The 43-storey tower is located in Marina Bay and could be valued at more than S$ 3.5 billion.
Kreuzkamp Named CIO, Head of Investment Management at Deutsche Asset & Wealth Management
Stefan Kreuzkamp was appointed chief investment officer, head of investment management at Deutsche Asset & Wealth Management. Kreuzkamp on December 1, 2015, will replace Asoka Wohrmann, who will become head of retail banking at Deutsche Bank’s private and business clients division. Kreuzkamp will join Deutsche Asset & Wealth Management’s global executive committee. Currently, Kreuzkamp is regional chief investment officer, Europe, the Middle East and Africa (EMEA).
USS Buys Moto Hospitality
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