real assets

China Life Finances ElmTree US Portfolio with $950 Million Recap

For quite some time, China Life Insurance Group, the largest financial insurance corporation in China, has signaled a desire to invest in overseas fixed income investments. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Norway’s SWF Portfolio Net Rental Income Could Reach $1 Billion by 2018

Norway’s Government Pension Fund Global (GPFG) is active in the world of institutional real estate. The wealth fund generated US$ 886.46 million worth of net rental income in 2016 versus US$ 124.38 million in 2012. For those new to institutional real estate, net rental income is the income remaining after subtracting qualified expenses from the […]


Italy’s ANAS to Participate in M-4 Don Highway Project

On May 17, 2017, the Russian Direct Investment (RDIF), ANAS S.p.A. (National Autonomous Roads Corporation) and Avtodor State Company announced the formation of a consortium targeting Russian highway infrastructure development and road management. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


State Street Financial Center Gets Some Refinancing, Foreign Investors Participate

The skyline-piercing, 36-storey State Street Financial Center, located in Boston’s Financial District, is owned by patriarchs of the Brooklyn-based Kestenbaum family through Fortis Property Group, LLC. Fortis Property Group is based in New York and has amassed a real estate empire through a variety of means. In 2003, State Street Financial Center, originally conceived as […]


India deals

Ascendas-Singbridge and Semcorp Industries Awarded Master Development Rights to Amaravati Startup Area

Amaravati is a planned city on the southern banks of the Krishna River – it is also the new capital city of the Indian state of Andhra Pradesh. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


QIC Eyes Mall Portfolio Deal with Forest City Realty Trust

Forest City Realty Trust, Inc. and Brisbane-based QIC have a U.S. real estate retail joint venture that was formed in 2013. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, May 17, 2017

APG Continues to Play in Dutch Residential Leasing Market APG Asset Management is part of a group of investors to kick in an additional €280 million into a portfolio of Dutch residential rental properties overseen by Rotterdam-based Vesteda. The money will target opportunities in the areas of Ranstad, Brabant and other cities in Netherlands. Vesteda […]


roads

Norway’s SWF Expands Regent Street Partnership with The Crown Estate

Norway’s Government Pension Fund Global (GPFG) has strategically expanded its presence in central London. The Regent Street Partnership is a venture between Norges Bank Real Estate Management, the real estate unit of Norges Bank Investment Management (NBIM), and The Crown Estate. NBIM has a 25% stake in the Regent Street Partnership. The partnership acquired ownership […]


Why Sovereign Wealth Funds Love Real Estate

Despite Norway’s sovereign wealth fund having a hard time finding suitable properties in Tokyo and in other core Asian cities, sovereign investors in the aggregate have steadily put capital to work in real estate. Even micro sovereign funds like the one owned by the Republic of Nauru, has ownership in Houston office real estate. The […]


SWFI First Read, May 11, 2017

Sino-Ocean Land Acquires SOMA Office Property in San Francisco Beijing-based Sino-Ocean Land, which is owned by COFCO, has acquired an office building at 1161 Mission Street in San Francisco. The anchor tenant for the building is WeWork. The seller of the building is Los Angeles-based Downtown Properties, a property business formed by Goodwin Gaw. In […]


Cascade Investment Nominated Julie Hartz to the Board of Four Seasons Hotels

Four Seasons Hotels and Resorts, which boasts large institutional shareholders such as Kingdom Holding Company and Cascade Investment, the family office of Bill Gates, has named a new board member. Julia Hartz joined the board of directors at Four Seasons Hotels and Resorts on behalf of Cascade Investment. She is the CEO and Co-Founder of […]


bcIMC Joins the Canadian Club on U.S. Student Housing

QuadReal Property Group, a real estate unit of bcIMC, joins the ranks of Canadian peers entering the student housing market. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, May 6, 2017

St. Kitts and Nevis and Norway Officials Discuss Sovereign Wealth Issues The Federation of St. Kitts and Nevis met with Norwegian government officials to discuss a host of issues. One such issue was the topic of sovereign wealth funds. Shell Asset Management Hires Patrick Groenendijk Shell Asset Management, the investment management unit for Shell’s pension […]


DP World to Commit $1 Billion More Toward India Maritime Infrastructure

DP World, a global operator of terminals, committed US$ 1 billion in investments toward India’s marine infrastructure, specifically in the areas of logistics and customs services. Some of these developments include the port infrastructure of the Sagarmala project, the formation of the Delhi-Mumbai Industrial Corridor, cold chain storage, cruise terminals, free trade zones and river […]


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. […]


CPPIB and Oxford Properties Acquire 30 Bay Street Office Property

Oxford Properties Group, the real estate unit of OMERS, and the Canada Pension Plan Investment Board (CPPIB) have acquired a property that sits at the corner of 30 Bay and 60 Harbour Streets. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Silk Road Fund Acquires Interest in Italian Motorway Company

A collection of institutional investors have acquired a 10% stake in Autostrade per l’Italia S.p.A. from Atlantia. The first 5% stake of Autostrade was sold to an investor group formed by Allianz Capital Partners. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Apollo Global Management Gets Big Boost for Real Asset Team

In the competitive world of real asset fund raising and investing, Apollo Global Management was able to recruit Joseph Kenneth Azelby to be its new head of real assets. Azelby will oversee some US$ 12 billion in real assets, helping grow Apollo’s investments in real estate debt, infrastructure, equity real estate and other areas of […]


doha sovereign wealth fund

Qatar Sovereign Wealth Expands Exposure to Santa Monica Core Office Scene

The Qatar Investment Authority (QIA) has a strategic relationship with Douglas Emmett, Inc., a real estate investment trust (REIT). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, April 28, 2017

Australia’s Future Fund Rides the Bullish Wave into March 2017 As of March 31, 2017, the Future Fund reached A$ 129.6 billion in assets. David Neal, Managing Director of the Future Fund, said in a press release, “The Future Fund’s overall risk level remains unchanged and towards the lower end of our normal expectations. This […]