real assets

Regent Street Partnership Acquires Leasehold Interest in 10 Piccadilly

Standard Life Assurance Limited, a subsidiary of Standard Life plc, sold a long leasehold interest in 10 Piccadilly, a 98,660 square foot retail and office property in central London, to the Regent Street Partnership. The Regent Street Partnership is a venture between Norges Bank Real Estate Management and The Crown Estate. The Regent Street Partnership, […]


Could a Giant Asian SWF Acquire 60 Wall Street?

Will Deutsche Bank have a new landlord for its North American headquarters? According to data from the Sovereign Wealth Fund Transaction Database, Asian sovereign funds have steadily made up a significant portion of buyers in U.S. office real estate compared to other types of public asset owners. [ Content protected for Sovereign Wealth Fund Institute […]


Quantum Global Fund Acquires Movenpick Hotel from Kingdom Holdings Company

A fund managed by Quantum Global has acquired the Mövenpick Ambassador Hotel Accra from Saudi Arabia-based Kingdom Holding Company (KHC). Specifically, QG Africa Hotel LP, a Mauritius based investment fund managed by Quantum Global Investments Africa Management Ltd., acquired the hotel on December 28, 2016 for a consideration of US$ 100 million. QG Africa Hotel […]


Why Global Logistic Properties May Be Taken Private

With more supply chain efficiencies, fast-growth in e-commerce throughout Asia, the availability of long-term patient capital (sovereign funds and pensions), and significant consolidation by third-party logistics companies, the market for modern logistics is sure to be more concentrated. A merger between GLP and e-Shang Redwood Group would create an Asian warehouse behemoth rivaling competitors such […]


SWFI First Read, January 9, 2017

Former Iranian President Ayatollah Ali Akbar Hashemi Rafsanjani Passes at Age of 82 Former Iranian President Ayatollah Ali Akbar Hashemi Rafsanjani, born to a family of pistachio farmers and one of the founders of Iran’s Islamic republic, has passed away at the age of 82 on January 8, 2016. Before this passing, Rafsanjani was Chairman […]


Hyundai Marine & Fire Insurance to Help Finance L’Oréal Office Building Acquisition

In late December 2016, South Korea-based Vestas Investment Management Co. Ltd. was chosen as the preferred buyer of the L’Oréal office building in Levallois-Perret which is a northwestern suburb of Paris. The building is called the So Ouest Plaza. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. […]


Nigeria Sovereign Investment Authority

NSIA to Form Company with GuarantCo for Infrastructure Bonds

The Nigerian government, through the Nigerian Sovereign Investment Authority (NSIA), is taking steps to create a platform where investors can invest in Nigerian infrastructure bonds, as the country faces issues luring large-capital foreign investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CPPIB Sold 45% Stake in 1221 Avenue of the Americas to Chinese SWF

On December 23, 2016, the Canada Pension Plan Investment Board (CPPIB) announced that it has sold its 45% ownership interest in a Manhattan 50-storey office property, 1221 Avenue of the Americas (1221), to an Asian sovereign wealth fund for US$ 1.03 billion, with net proceeds to CPPIB of approximately US$ 950 million before closing adjustments. […]


Foreign Investors Acquire Two Major Frankfurt Properties, including TaunusTurm

A group of institutional investors has acquired a large stake in the iconic TaunusTurm skyscraper in the core of Frankfurt’s banking district from Commerz Real, the fund management unit of Commerzbank AG. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


AIIB Approves Loans, Port Duqm Project in Oman

Beijing-based Asian Infrastructure Investment Bank (AIIB) has approved two loans totaling US$ 301 million for transport sector projects in Oman. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


ATP and APG Fund 3i Group’s Takeover of EISER Infrastructure Assets

APG Asset Management and Denmark’s ATP are financially backing 3i Group’s takeover of assets owned by the EISER Global Infrastructure Fund. The seller is London-based EISER Finance Limited. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


ADIA Unloads Some Australian Institutional Property Interests

The Abu Dhabi Investment Authority (ADIA) is capturing some profits and realigning part of its Australian property portfolio. Being the largest owner of hotel properties in Australia, the sovereign investor is restructuring its 31-hotel Australian portfolio. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SPARX and Wealth Fund Expand Japanese Real Estate Investment Program

Japan remains an important institutional real estate destination for global asset owners. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


NBIM Acquires Vendome Property in Central Paris

On December 16, 2016, Norges Bank Real Estate Management signed and completed an agreement to purchase a 100% ownership interest in the Vendôme Saint-Honoré property, located at 9 Place Vendôme and 368-374 rue Saint-Honoré in central Paris. The sales price was €1 billion. No financing was used in the acquisition and the asset will be […]


Global Logistic Properties Shifts Hillwood Acquired Assets into New Fund

Singapore-listed Global Logistic Properties Ltd. (GLP) is majority-owned by Singapore’s GIC Private Limited. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Qatar Sovereign Fund Could Invest $10 Billion in U.S. Infrastructure

Reuters reported that Sheikh Abdullah bin Mohamed bin Saud al-Thani, the top executive at the Qatar Investment Authority (QIA), met with U.S. Assistant Secretary of State for Economic and Business Affairs Charles Rifkin, in Doha, on December 12, 2016. The news agency reports that the QIA chief told U.S. officials they plan to invest US$ […]


Foreign Investors Line Up for Endeavour Energy

Caisse de dépôt et placement du Québec (CDPQ), Hastings Funds Management Limited, Sydney-based Spark Infrastructure Group and the Kuwait Investment Authority (KIA), have indicated an interest in acquiring Sydney-based Endeavour Energy. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


National Grid Sells Off Majority Interest in UK Gas Distribution Business

On December 8, 2016, National Grid plc revealed they entered into an agreement to sell a 61% equity interest in its U.K. gas distribution business, also known as NGGD, to a consortium of long-term infrastructure investors. The consortium comprises Macquarie Infrastructure and Real Assets (MIRA), Allianz Capital Partners, Hermes Investment Management, CIC Capital Corporation (part […]


CDPQ and DP World Form Investment Vehicle Partnership

Canadian pensions are keen on port infrastructure, viewing some as operating similar to a utility. Caisse de dépôt et placement du Québec (CDPQ) and DP World Limited formed an investment platform. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


QIA Buys St. Regis SF Hotel

Sovereign wealth is centering around luxury hotels in touristy cities. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]