real assets

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 [...]


NBIM Invests in Enfield Logistics Property

Norges Bank Investment Management (NBIM), manager of Norway’s sovereign wealth fund, has acquired a 50% interest in a logistics property through its joint venture with Prologis. NBIM paid £55 million for the stake and did not use any debt financing. The property is a building in Enfield, close to London. It has a total leasable [...]


Real Estate: A Powerful Sovereign Wealth Fund Investment Trend

In September this year, Norway’s sovereign wealth fund, in one giant swoop paid US$ 1.5 billion for minority interests in two Boston properties and the former Citigroup Center in Manhattan. The amount of capital floating en route for core real estate is astonishing, more and more sovereign funds are allocating toward properties. In fact, for [...]


Singapore Sovereign Wealth Fund Centers on Italian Shopping Centre

Singapore’s GIC Private Limited owned 50% of RomaEst Shopping Centre through a sovereign wealth enterprise (SWE). The sovereign wealth fund has acquired the other 50% from a fund managed by CBRE Global Investors for an approximate amount of €200 million. The GIC is keen on prime regional centers. Asian institutional investors are grasping for a [...]


QIC Part of Massive PPP Project in Melbourne

The Queensland Investment Corporation (QIC) participated in one of the largest infrastructure public-private partnership (PPP) projects in Australia’s history. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


sovereign wealth

QIC Grows North America & Europe Infrastructure Business

The Queensland Investment Corporation (QIC), an Australian government-owned asset manager, is ramping up its infrastructure investing program. The Brisbane-based organization, which caters to the institutional investor community, has opened a new office in New York City and appointed Vittorio Lacagnina as director to head up infrastructure capital formation efforts throughout North America and Europe. “Vittorio’s [...]


infrastructure

Alaskan SWF Commits $250 Million to Infrastructure Vehicle

The Alaska Permanent Fund Corporation (APFC) has made a US$ 250 million commitment to an infrastructure vehicle. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


OTPP in Investor Group to Acquire Cassidy Turley

Founded in Baltimore, Cassidy Turley, a commercial real estate firm, is being bought out by Texas-based TPG Capital, PAG Asia Capital and the Ontario Teachers’ Pension Plan (OTPP). The investor group plans to merge Cassidy Turley with Chicago-based DTZ, a property services company. DTZ Investment Holdings, backed by the investor group, will acquire Cassidy Turley. [...]


Norway Sovereign Wealth Fund Spends $1.5 Billion on NY and Boston Properties

Norges Bank Investment Management (NBIM), which manages the sovereign wealth of Norway, has inked a deal to acquire a 45% interest in 601 Lexington Avenue (formerly Citigroup Center), in addition to equal shares in two Boston properties for US$ 1.5 billion in cash. This puts the aggregate value of the properties at around US$ 4.06 [...]


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 [...]