real assets
blackstone

Blackstone’s Strengthening Grip on Infrastructure and Permanent Capital

It is no secret when limited partners think of top-tier private equity, most think of The Blackstone Group. Blackstone has been able to lure talent and massive amounts of capital to its platform. Blackstone’s market capitalization is well above its four biggest competitors such as KKR and The Carlyle Group. The alternatives behemoth is moving […]


QIA Plunks Down Another Beverly Hills Office Property

The Qatar Investment Authority (QIA) continues on its quest to gobble up former Equity Office properties in Southern California. QIA and Douglas Emmett, Inc. acquired 9665 Wilshire Boulevard, a 171,000 square foot Class A office property for US$ 177 million. The property is located in Beverly Hills. [ Content protected for Sovereign Wealth Fund Institute […]


West Yorkshire Pension Fund Invests in New Manchester Office Property

Institutional investors are picking up recycled U.K. office developments. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Norway Sovereign Fund Buys Axel Springer Berlin Office Development

On July 14, 2017, Norges Bank Real Estate Management acquired a 100% interest in the new building Axel-Springer-Neubau, which is currently under construction in Berlin. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


tibbles

SWFI First Read, July 16, 2017

Verizon Communications Plans Massive New Corporate Campus Project in Las Colinas Verizon Communications revealed plans to construct a massive new 110-acre corporate campus in Las Colinas, an upscale suburb of Irving, Texas. The mixed-use development is called Hidden Ridge and is being developed by KDC. Korea Development Bank Plans to Invest in the Haikou International […]


OMERS and Ontario Teachers Sell High Speed 1

Borealis Infrastructure (Borealis), the infrastructure investment manager of OMERS, and Ontario Teachers’ Pension Plan (Ontario Teachers) inked a deal to sell High Speed 1 (HS1) to an investor group comprised of InfraRed Capital Partners Limited (on behalf of investors) and Equitix Investment Management Limited. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]


Ivanhoé Cambridge Acquires Evergreen Industrial Properties from TPG Real Estate

Ivanhoé Cambridge, the real estate unit of CDPQ, finalized the acquisition of Evergreen Industrial Properties from TPG Real Estate, part of TPG. Evergreen Industrial Properties owns and operates a portfolio of more than 150 properties, comprising approximately 16 million square feet across 18 major markets. These markets include cities such as Dallas, Seattle, Charlotte and […]


CPPIB Buys 50% Stake in Milton Park from Hermes Investment Management

Home to over 9,000 people and 250 organizations, Milton Park is in the Thames Valley region of the United Kingdom. Milton Park is a large business park that is managed by its developer MEPC Limited. Hermes Investment Management (Hermes) sold a 50% equity ownership stake in Milton Park to the Canada Pension Plan Investment Board […]


ABP to Acquire 48 Assets from Dutch Infrastructure Fund

The Dutch giant Stichting Pensioenfonds ABP, which outsources its money management to APG Investment Management, acquired 48 projects from Schiphol-based Dutch Infrastructure Fund B.V. (DIF) in a €700 million transaction. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Hopu-Led Group is Preferred Bidder for Global Logistic Properties

UPDATE: July 14, 2017 GIC has officially backed the offer made from the preferred bidder group led by HOPU Investment Management. Singapore-based Global Logistic Properties Ltd. (GLP), whose largest owner is Singapore’s GIC Private Limited, selected a preferred bidder for its takeover. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe […]


Sunsuper Makes Inaugural Direct Investment in Retail Property

Superannuation institutional investor Sunsuper embarked on its inaugural direct investment into retail properties. Sunsuper, through AMP Capital, acquired the Marketown Shopping Centre in Newscastle for 163 million AUD. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


New PGGM-Rockspring JV to Seek Value-Add Offices in Berlin

A renewed Berlin is attracting a wealth of technology companies and real estate investors are paying attention, feeding the demand for modern office spaces. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CPPIB Changes Exec Stack, Names Neil Beaumont as Chief Financial and Risk Officer

The Canada Pension Plan Investment Board (CPPIB) hired Neil Beaumont as a senior managing director and chief financial and risk officer, effective July 24, 2017. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Pension and SWF Money Fund Greystar Acquisition of Monogram Residential Trust

Greystar Growth and Income Fund, LP, a newly formed perpetual life fund, overseen by Greystar Real Estate Partners is buying out Plano, Texas-based Monogram Residential Trust, Inc., an owner, operator and developer of luxury apartment communities. The founding capital partners of Greystar Growth and Income Fund include affiliates of APG Asset Management N.V., GIC Private […]


Norway SWF Invests in Another DC Property

Norges Bank Real Estate Management, the real estate unit of NBIM, partnered with Oxford Properties Group to acquire 900 16th Street in Washington, D.C., a mixed-used property. NBIM is taking a 49% interest in the building and investing US$ 74 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]


london

Thames Water Shareholders Facing Greater Scrutiny

Peter Mason, the Chairman of Thames Water, is facing pressure to improve the utility’s performance. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Betting on Houston’s Economy, CPPIB to Buy Parkway

The Canada Pension Plan Investment Board (CPPIB) is buying 100% ownership of Parkway, Inc., a Houston-based real estate investment trust, for US$ 1.2 billion, or US$ 23.05 per share. CPPIB has continued to expand its real estate portfolio across the United States, seeking stable, high-quality assets. Parkway owns the biggest office property portfolio in Houston, […]


Are Hong Kong Conglomerates Replacing SWF Money for London Towers?

Hong Kong’s Lee Kum Kee Group, which generated much of its wealth from manufacturing oyster sauce, is nearing a deal to acquire the famous Walkie Talkie building, at 20 Fenchurch Street, in London. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Future Fund and CPPIB Seek to Sellout of Some Australian Properties

Australia’s Future Fund and Canada Pension Plan Investment Board (CPPIB) are looking to recycle some Australian real estate assets. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Asian Sovereign Wealth Participates in InterPark Buyout

An investor group led by TIAA Private Investments, an affiliate of Nuveen, and Antarctica Capital finalized talks to buy Chicago-based InterPark, LLC, the largest owner-operator of parking infrastructure in the United States. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]