real assets

MENA Infrastructure Seeks to Raise $500 Million for Second Fund

Dubai-based MENA Infrastructure is seeking to raise a second US$ 500 million Shari’a-complaint infrastructure fund, MENA Infrastructure Fund II, will focus on Middle East, North Africa and Turkey. MENA Infrastructure is owned by HSBC Bank Middle East Limited, Fajr Capital and Waha Capital. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please [...]


Public Funds Eye Associated British Ports

Goldman Sachs and UK-based Prudential plc, through its infrastructure investing arm called Infracapital Partners LP (managed by M&G Investment Management), are seeking to sell their combined 33% stake in Associated British Ports Holdings Ltd. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


financial buyouts

PSP Investments and Arcus Infrastructure to Finalize Bid for TDF

France-based Arcus Infrastructure Partners and PSP Investments, a Canadian public pension investor, are nearing an agreement to acquire French broadcast operator Telediffusion de France (TDF) for approximately €3.55 billion (US$ 4.7 billion). TDF’s current owners are Charterhouse Capital Partners, Ardian, TPG Capital, state-backed Bpifrance Participations SA and company management. [ Content protected for Sovereign Wealth [...]


NBIM and TIAA-CREF Finalizes San Francisco Office Property Purchase

Norway’s sovereign wealth fund has made another investment with regard to its joint venture with New York-based TIAA-CREF. Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, and TIAA-CREF purchased a San Francisco office property for US$ 390 million. The sellers are GE Real Estate and Langley Investment Partners. [ Content protected [...]


NBIM and Prologis JV Acquire Spanish Logistics Portfolio

Norges Bank Investment Management (NBIM), the manager of Norway’s elephantine sovereign wealth fund, and San Francisco-based Prologis Inc, through their joint venture, acquired a portfolio of industrial real estate in Barcelona and Madrid.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Brigade Enterprises and Singapore Sovereign Wealth Team Up

At higher frequency, foreign institutional investors are placing heavy bets on Indian real estate. Prime examples of public asset owners investing in Indian properties are the CPPIB, State General Reserve Fund of Oman, Abu Dhabi Investment Authority and Qatar Investment Authority. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to [...]


Boustead Projects Partners with Gulf Sovereign Wealth Fund

Singapore-based Boustead Singapore Limited, through its subsidiary, Boustead Projects Pte Ltd, has formed a co-investment partnership with a sovereign wealth fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


BIG WIN: LaSalle Gets UK Real Estate Mandate From Manchester Pension

More and more public pensions and U.S.-based sovereign funds are outsourcing U.K. real estate management. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Take Two: GIC Bids for $1.6 Billion Tokyo Office Tower

Singapore’s sovereign wealth fund, GIC Private Limited, is in key negotiations to acquire a prized Tokyo office tower for approximately 170 billion yen (US$ 1.6 billion). Built in 2001, the 32-story Pacific Century Place Marunouchi is being sold by Secured Capital Investment Management Co., Ltd., part of Asian private equity firm PAG. The property lies [...]


Asian Sovereign Wealth Fund Gets Access to Bristol Shopping Centre

After a long process, it seems that an Asian sovereign wealth investor is making a major move on a UK shopping centre. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


AIMCo Buys Mortgage Portfolio from OMERS

The Alberta Investment Management Corporation (AIMCo) has acquired a mortgage portfolio from the Ontario Municipal Employees’ Retirement System (OMERS). The transaction value was C$ 520 million (US$ 477 million). Most of the 50 mortgages were in high-quality and geographically scattered Canadian mortgages. OMERS has C$ 1.127 billion in mortgage investments. AIMCo has US$ 3 billion [...]


New-York sovereign wealth fund

UPDATE: Indian Tycoon Roy Looks to Sell $2.2 Billion in Properties

August 19 – UPDATE: According to a recent CNBC update, a spokesman for the Sultan of Brunei has dismissed news that they have made a bid for New York’s Plaza Hotel, Dream Hotel and London’s Grosvenor House hotel. “Neither His Majesty, the Brunei Investment Agency, nor the government of Brunei are involved in any way [...]


Temasek Poised to Acquire MidCity Place

Singapore’s Temasek Holdings is in the lead to acquire a 50% interest for £175 million in MidCity Place, an EC1 office in London. The property is located near Chancery Lane and Holborn Underground Stations. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


The Crown Estate and China’s FX Investor Buy Leicester Mall

Already in August, The Crown Estate has partnered with two major sovereign wealth funds from the countries of Norway and China. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Norway’s Sovereign Wealth Fund and Crown Estate Acquire Pollen Estate

Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, has acquired a 57.8% interest in Mayfair’s Pollen Estate for £343 million. The property is a 730,000 square feet estate over 4 acres in London’s West End. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. [...]


Constellation Hotel Holdings Acquires InterContinental Paris – Le Grand

Gulf sovereign wealth funds continue to purchase hotel properties across Europe. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Confirmed: Metlife and Norway SWF Acquire One Beacon Street

This is confirmation that Metlife and Norway’s Government Pension Fund Global (GPFG), through Norges Bank Investment Management (NBIM), have purchased One Beacon Street in Boston, Massachusetts for US$ 561 million. Metlife will control 52.5% of the tower. “Our partnership with the world’s largest sovereign-wealth fund is built on a strategy of providing first-rate asset management [...]


See the 4 Competitors Vying for Seoul’s State Tower Namsan

Institutional real estate in Seoul is attracting real estate managers, pension investors and sovereign wealth funds. State Tower Namsan is for sale. The Seoul office building has a floor area of 66,799 square meters. The Korea Investment Corporation (KIC) has its headquarters in the building. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers [...]


USAA Sells Industrial Portfolio to Middle East Sovereign Wealth Fund

In April 2014, USAA Real Estate Co., the real estate investment unit of USAA, launched a search to find a buyer for its 14 million square feet of warehouses scattered across the southern region of the United States. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Pension and Wealth Fund Capital Invests in LaSalle Asian Fundraise

LaSalle Investment Management, a subsidiary of Jones Lang LaSalle, announced a US$ 1 billion close for its LaSalle Asia Opportunity Fund IV L.P. and two other separate accounts. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]