real assets

SWFI – Movers and Shakers – July 7, 2015

John McCarthy Rejoins Starwood from Abu Dhabi Investment Authority John McCarthy is coming back to Starwood Capital Group as managing director, global capital raising. From 2009 to 2012, he was global head of asset management at Starwood Capital Group. Before rejoining the Greenwich-based company, McCarthy was a Senior Portfolio Manager and Deputy Head of Europe [...]


FCC and Bankia Agree to Sell Interests in Globalvia Infraestructuras to Khazanah

Construction company Fomento de Construcciones y Contratas (FCC) and Bankia, Spain’s fourth biggest bank, have reached a deal with Khazanah Nasional to sell 100% of their interests in Globalvia Infraestructuras for around €420 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Qatar Investment Authority Acquires Stake in Tallest Barangaroo Tower

Lend Lease has spun-off Tower 1 at Barangaroo South, the largest commercial tower in the group, into a separate wholesale fund that is backed by the Qatar Investment Authority (QIA) and Australian Prime Property Fund Commercial, a Lend Lease-managed fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view [...]


ADIA and NYSTRS Put Atlanta Office Complex on the Market

The Abu Dhabi Investment Authority (ADIA) and New York State Teachers’ Retirement System (NYSTRS) are putting a large Atlanta office complex on the market. Eastil Secured is representing the sellers. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


roads

4 Up and Coming Institutional Investor Deals in the UK

Sydney-based AMP Capital which already owns 25% of Angel Trains, a U.K. rolling stock lessor company, is nearing a deal to buy control of the company with other investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


AustralianSuper Completes Mega DC Property Portfolio Deal

AustralianSuper, Australia’s biggest superannuation fund, finalized its US$ 1.32 billion transaction to purchase a 49% interest in a portfolio of DC office properties controlled by Brookfield Property Partners. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Public Investors Sell Bentall Kennedy to Sun Life Financial

Sun Life Financial is buying real estate investment manager Bentall Kennedy Group for C$ 560 million. U.K.-based Sun Life, owned by AXA Group, is looking to grow its exposure to property investments and investors in real estate. Increasingly, institutional investors such as pensions and wealth funds are allocating higher percentages of capital toward real estate. [...]


sovereign wealth india

GIC Commits Capital to West Bengal Real Estate

Singapore’s GIC Private Limited is on the lookout for high-quality residential real estate in West Bengal. The wealth fund is keen on investing in so-called smart developments. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Asian Sovereign Wealth Centers on Continental Euro Properties

UPDATE: June 17, 2015 The CIC has won the bid, putting out €1.3 billion for the property portfolio. Asian sovereign wealth funds are looking across the channel into France, Belgium, Germany and Spain for high-quality real estate properties. Stunned by the expensive prices of London core properties, many sovereign funds and Canadian pensions have set [...]


sovereign wealth fund center asia

GIC Expands Ownership in China’s Franshion Properties

Singapore’s GIC Private Limited invested around HK$ 1.16 billion in new shares of Franshion Properties (China) Limited. The placed shares represent approximately 17.64% of the existing issued share capital. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CPPIB Makes Greater Inroads in Spanish Shopping Centers

Intu Properties plc and Canada Pension Plan Investment Board (CPPIB), through its wholly-owned subsidiary, CPP Investment Board Europe S.à r.l. – are forming a joint venture to jointly own Puerto Venecia shopping centre in Zaragoza, Spain. The new JV is similar to an existing partnership Intu and CPPIB have in Spain through the Parque Principado [...]


Sovereign Wealth and Institutional Money Invest in Munich Offices

Gingko Tree Investment Ltd., a unit of China’s SAFE Investment Company and Pramerica Real Estate Investors, a unit of Prudential Financial Inc., have acquired more than 50% of funds that own the Siemens Campus in Munich-Neuperlach. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


tibbles

Friday SWFI News Roundup, May 29, 2015

GIC Bids for in Exora Business Park Singapore’s GIC Private Limited is in the front of the pack in acquiring a 60% stake in Exora Business Park from Indian real estate firm Red Fort Capital. Other bidders are Singapore-based Ascendas and the Blackstone Group. The property is located in Bangalore. Institutional Money Agreements for Egypt [...]


Santander and Two Large Canadian Pensions Form Infrastructure Company

The Ontario Teachers’ Pension Plan (OTPP), Canada’s Public Sector Pension Investment Board (PSP Investments) and Banco Santander, S.A. formed London-based Cubico Sustainable Investments to invest and manage investments in renewable energy and water infrastructure assets globally. Backed by pension and bank capital, Cubico will be equally owned by its three founding partners: OTPP, PSP Investments [...]


ADIA Buys Hotels in North Carolina Research Triangle

Abu Dhabi Investment Authority (ADIA) has acquired two hotels in North Carolina. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Brisbane

CalPERS Embarks on Asia-Pacific Infrastructure Partnership with QIC

The California Public Employees’ Retirement System (CalPERS) entered into a partnership with QIC (Queensland Investment Corporation) for a A$1 billion customized Asia-Pacific infrastructure portfolio. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Is Unlisted Infrastructure Too Expensive?

Today there are more infrastructure investor conferences than ever before, coupled with the plethora of journals covering the sector. This is a reflection of the insatiable demand for unlisted infrastructure in developed markets. Ontario Teachers’ Pension Plan (OTPP) CEO Ron Mock back in January 2015 at the World Economic Forum in Davos said in an [...]


Singapore Sovereign Fund and CPPIB Buy Landmark Mall in Seoul

Affluent retail markets in Asia such as Seoul and Tokyo are luring sovereign wealth and pension dollars. Sovereign wealth funds like the Abu Dhabi Investment Authority (ADIA) and the State Oil Fund of Azaerbaijan (SOFAZ) have invested in Seoul real estate. GIC Private Limited, one of Singapore’s sovereign wealth funds, and Canada Pension Plan Investment [...]


Union Investment Buys Part of Watermark Place

Germany-based Union Investment Real Estate GmbH has partnered with Oxford Properties, the real estate unit of OMERS, for a London office joint venture. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


QIA Denies Bid for Vietnam’s Tallest Tower

UPDATE – May 15, 2015: A Korean media outlet, Korea Joonang Daily, reports that the Qatar Investment Authority (QIA) is denying that it bid for Keangnam Hanoi Landmark Tower. There was a letter presented to Keangnam saying the QIA was interested and it was a “done deal.” The QIA said the letter was completely fake. [...]