real assets

CPPIB Boosts Goodman Group Chinese Logistics JV

The Goodman Group has been working with a variety of institutional investors such as sovereign wealth funds like the China Investment Corporation (CIC) and large pensions. The Goodman Group and Canada Pension Plan Investment Board (CPPIB) announced a US$ 500 million boost to their equity allocation in Goodman China Logistics Holdings, a fourth equity capital [...]


New-York sovereign wealth fund

BIG DEAL: Ivanhoe Cambridge Buys Bryant Park Tower from Blackstone

Highlighting gregarious demand for stable, U.S. real estate, public funds are plowing massive mounds of capital into property markets like Manhattan. The Manhattan real estate market offers institutional investors a deep pool of property inventory with asset characteristics suitable for their tastes. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe [...]


Wellington Place: CPPIB and Hermes Real Estate Form New JV

The Canada Pension Plan Investment Board (CPPIB) and Hermes Real Estate, part of Hermes Investment Management, created a new UK regional joint venture partnership. The CPPIB and Hermes already have an existing London office joint venture formed in July 2013. This new partnership will involve Hermes Real Estate selling 50% of the development phase of [...]


NBIM and TIAA-CREF Acquires Property Across from US Capitol

Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, has purchased a 49.9% stake in the land at 400-444 North Capitol Street in Washington D.C. for US$ 82.3 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


With Greater Egyptian Stability, Aabar Invests in Real Estate Development Company

Aabar Investments PJS, owned by International Petroleum Investment Company (IPIC), has acquired a 5.1% stake in the second largest real estate developer listed on the Egyptian Stock Exchange. Aabar purchased the stake in Palm Hills Developments Company SAE. Aabar will nominate a representative to the board of Palm Hills Developments. Palm Hills Development has a [...]


Friday SWFI News Roundup, November 7, 2014

Songbird Rejects QIA and Brookfield Takeover Offer The Qatar Investment Authority (QIA) and Brookfield Property Partners have reached out to Songbird Estates, the 69.4% owner of Canary Wharf real estate development, in a bid for takeover. Songbird Estates is partially-owned by sovereign funds such as QIA and the China Investment Corporation. On Friday, Songbird Estates [...]


SWF Partnership: KIC and QIA Form Joint Investment Fund

Increasingly, sovereign wealth funds from the East and the Gulf are creating joint investment funds. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Real Estate Investments, More Attractive for Sovereign Wealth Funds

Sovereign wealth funds are plugging more money into direct real estate, even in development deals. The thirst for core properties, value-add real estate and logistics are drawing sovereign wealth funds to spend more. According to data from the Sovereign Wealth Fund Transaction Database, sovereign wealth funds in total invested US$ 17.5 billion for the first [...]


blackstone

GIC-Led Group Seeks Billions for Blackstone’s IndCor

The Blackstone Group is nearing a deal to exit Chicago-based IndCor Properties Inc, a massive holder of American industrial properties such as warehouses. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


2 Major Sovereign Wealth Fund Strategic European Deals

Middle East sovereign wealth funds are undeterred when it comes to London real estate. The Kuwait Investment Authority (KIA) has backed a former Goldman Sachs partner in launching a real estate investment firm. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Singapore Sovereign Wealth Fund Makes Inaugural NZ Real Estate Investment

Goodman (NZ) Limited, manager of the Goodman Property Trust (GMT) and managed by ASX-listed Goodman Group, has added a new institutional investor to a growing joint venture to invest in Auckland’s Viaduct Quarter. Singapore’s GIC Private Limited has joined the venture (Viaduct Corporate Centre Limited ), acquiring a 49% interest of the partnership assets that [...]


Qatar Investment Authority Invests in DB’s Italian Branches

Deutsche Bank and Hines Italia SGR, the Italian arm of Hines, have made an agreement to move a portfolio of 90 Italian branches of Deutsche Bank into a real estate fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Norway Sovereign Wealth Fund Acquires Pricey DC Real Estate

Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, acquired a 49.9% stake in a Washington, DC office property for US$ 195.6 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Kai Yuan Holdings Finalizes Paris RE Transaction From ADIA

Asian investors have a growing interest in European gateway cities like Paris, particularly in core real estate. Hong Kong-based Kai Yuan Holdings has closed on its acquisition on a Paris hotel from Luxembourg-based Tamweelview European Holdings SA, a sovereign wealth enterprise (SWE) of the Abu Dhabi Investment Authority (ADIA). [ Content protected for Sovereign Wealth [...]


Friday SWFI News Roundup, October 24, 2014

RDIF and Co-Investors Move Capital Toward Russian Logistics The Russian Direct Investment Fund (RDIF), along with some Middle Eastern funds and Development Group 19 are moving forward on creating a joint venture to develop and invest in Class A logistics in Russia. Development Group 19 is a real estate developer. The investor group plans to [...]


private equity

2 Fascinating Asian Sovereign Wealth Fund Core Office Deals

A unit of SAFE Investment Company is looking at a German office park. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


REVEALED: See the Institutional Investor Groups Circling Indiana’s Toll Road

A drove of institutional investors who heart infrastructure are forming coalitions for bidding purposes to be the operator of an Indiana toll road. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Norway Sovereign Wealth Fund Acquires 2 Buildings in Munich

Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, has acquired two office buildings in Munich in the Lenbach Gärten quarter. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


AIMCo Consortium Wins, Buys Porterbrook

The battle is won, as a consortium of institutional investors have agreed to acquire one of the three major rolling stock leasing companies in the United Kingdom. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWF to SWF: NBIM Buys Bank of America Merrill Lynch Financial Centre

Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, has acquired a 585,000 square foot office complex in London. NBIM paid £582.5 million (US$ 944.5 million) for a 100% interest for the Bank of America Merrill Lynch Financial Centre from Singapore’s GIC Private Limited. [ Content protected for Sovereign Wealth Fund Institute [...]