real assets

Qatar Investment Authority Invests in Empire State Realty Trust

The Qatar Investment Authority (QIA) acquired a 9.9% economic and voting interest in the Empire State Realty Trust Inc. through newly-issued shares. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Ping An Invests in South SF Life Sciences Complex Development

Shanghai-listed Greenland Group led a group of investors to buy a 42-acre waterfront site in South San Francisco, California to be called The Landing at Oyster Point. The site is for a US$ 1 billion life sciences complex. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Follow the Money – Episode 17

In this episode, I cover sovereign funds and pensions amplified interest in emerging market debt and the reasons why. I also discuss some of the ongoing issues and events associated with smart beta and factor-based investing. There is also coverage over developments with Kazakhstan oil, renewable energy investing and core real estate. I also brought […]


Top 3 Deadly Mistakes CalPERS Had Made in Institutional Real Estate

The California bear-of-an-investor has struggled with its public fund peers when it comes to real estate return performance. With roughly US$ 31.8 billion generously allocated toward real assets, the California Public Employees’ Retirement System (CalPERS) continues to compete for real estate in developed markets such as North America and Europe. Here are three major mistakes […]


GIC Hearts Manufactured Homes

Sovereign wealth funds are investing in nearly all levels of real estate, from parking meters to New York City skyscrapers. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


BlackRock NY

McInnis Cement Project Gets More Money, Control Changes

The McInnis Cement project, located in Quebec’s Gaspé peninsula, has tacked up significant cost overruns, drawing the attention of local media. Investors called for an assessment regarding the project. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


African SWF Partners with Manager for Properties and Farmland

Nigeria’s public finances have experienced a brutal beating as a collapse in oil revenues takes a toll on the government. The Nigerian government is now keen on attracting more long-term international capital into the West African country. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


ADIA Sold More Transurban Shares

The sovereign wealth fund giant Abu Dhabi Investment Authority (ADIA) sold a A$ 253.6 million chunk worth of Transurban, a toll road company, shares to institutional investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


PGGM-Backed French Toll Road Operator Refinances

French toll road operator Autoroute de Liaison Seine-Sarthe S.A. (Alis) has redeemed a wrapped bond. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CDPQ Invests in Plenary Group Holdings

Caisse de dépôt et placement du Québec (CDPQ) continues to build out investments in Australia. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, August 8, 2016

Ivanhoé Cambridge Invests in Another LOGOS Vehicle [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


India deals

Oberoi Realty Attempts to Lure Investors for Mall Venture

As more capital floods Indian real estate, developers are quickly taking advantage of demand. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


HKMA Acquires Stake in Salesforce Tower New York

Increasingly, more large asset owners are circling toward Manhattan office real estate. An investment entity controlled by the Hong Kong Monetary Authority (HKMA) acquired a 49% stake in a 41-storey Manhattan skyscraper. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


qatar

QIA Adds Russia to Airport Investment Portfolio

The Qatar Investment Authority (QIA) is expanding its airport portfolio by agreeing to acquire shares in Thalita Trading Ltd., the parent company of Northern Capital Gateway LLC consortium. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


NBIM Trims Logistics Portfolio, Sells Two East Coast Assets

Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, has sold two U.S. logistics assets, in which it owned a 45% stake in both, that were initially acquired as part of its joint venture with Prologis. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. […]


SFERS Moves Large RE Mandate from Deutsche Bank to CIM

The San Francisco Employees’ Retirement System (SFERS) has moved a US$ 700 million separate account mandate in U.S. core and value-add real estate from Deutsche Asset Management to CIM Group. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


qatar

QIA Invests with Douglas Emmett in Class A Wilshire Property

In 2015, the Qatar Investment Authority (QIA) announced its intentions to invest US$ 35 billion in the United States over the next five years. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


OPPORTUNISTIC: Norway SWF Buys Aberdeen-Owned Retail Property

Asset owners such as sovereign funds are on the prowl for real estate properties in core markets as liquidity-weak investors such as some major U.K. open-end property funds may have to sell off. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


REFOCUS: Temasek Considers Buyout of SMRT

Singapore’s Temasek Holdings is in key discussions of a buyout offer for SMRT Corporation, a listed company that is an operator for most of Singapore’s rapid-transit system. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Irish Government Views ISIF as Key to Boost Housing

The Irish government has a strategic goal of having 25,000 new homes by 2020. According to Ireland’s Central Statistics Office, Dublin’s population increased 5.7% from 2011 to 2016, with a 72,333 change in people. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]