real assets

Cityhold Office Partnership Sells Paddington Central Office to CC Land Holdings

Hong Kong-based CC Land Holdings Limited, an investment vehicle owned by Cheung Chung-Kiu, acquired a London office building for £292 million from the Cityhold Office Partnership. The Cityhold Office Partnership is a real estate joint venture between Sweden’s AP1 and AP2. TIAA is also part of the partnership and manages it through its property unit […]


China-Russia Tongjiang Rail Bridge Back on Track

The Amur International Rail Bridge, also known as the China-Russia Tongjiang Rail Bridge, aims to link Russia and China transportation-wise. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Sovereign Wealth Fund Sells 100 Pine Street to Rockpoint Group

After a holding period exceeding 10 years, this sovereign wealth fund was ready to sell. Boston-based Rockpoint Group, L.L.C. has acquired an office building in San Francisco for US$ 287.5 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GIC UNITE JV Acquires Aston Student Village

Wealth funds and cash-rich pensions are getting more exposure to student accommodation portfolios in Occidental countries. Institutional investors are attracted to the United Kingdom’s higher education sector due to its perceived status. Unite Students, the student accommodation unit of Unite Group Plc, and Singapore’s GIC Private Limited have a 50:50 joint venture. That joint venture […]


Algerian Government Permits New $3.3 Billion Deep Water Port

Oil and gas comprises the majority of Algeria’s export revenues. The Algerian government has permitted construction to start on a new deep-water port at El Hamdania which is roughly 80 kilometers west of Algiers. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Co-Founder of Townsend Group Kevin Lynch Passed Away

Kevin Lynch passed suddenly over the weekend on February 4, 2017 at his home in Naples, Florida. Kevin Lynch co-founded the Townsend Group in 1983. The Townsend Group is a major player in the world of institutional real estate consulting advising pensions, sovereign funds and other asset owners. Lynch is a member of the Pension […]


forest

ISIF Commits to Forestry Portfolio Formation

The Ireland Strategic Investment Fund (ISIF) views forestry or timberland as a natural asset class for long-term institutional investors. ISIF is committing €55 million to the Foraois Limited Partnership, a Dublin-based forestry fund managed by Finland-based Dasos Capital Oy. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. […]


Japan’s GPIF Preps for Real Estate Push

It is practically inevitable that cash-rich Japanese pensions and asset owners will participate in overseas real estate. Already, Japan Post Bank formed an institutional real estate division. Japan’s Government Pension Investment Fund (GPIF) is cautiously gathering information and building networks before they embark on investing in overseas institutional real estate.[ Content protected for Sovereign Wealth […]


BlackRock Positioning for Potential American Infrastructure Boom

BlackRock Inc. has struggled in growing its alternatives business quickly, losing out to niche and well-funded infrastructure managers in expanding assets under management. According to regulatory filings, BlackRock experienced an outflow of US$ 364 million in the fourth quarter of 2016 from its alternatives business. As of December 31, 2016, alternatives for BlackRock comprised 2.27% […]


USS Forms Joint Venture with Morgan Sindall Investments

The Universities Superannuation Scheme (USS) is on the forefront of endowment money inking partnerships with institutions to boost returns in a low-yield world. The massive endowment investor is attracted to investing in portfolios of properties producing long-term, stable returns. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. […]


Korea’s National Pension Service Invests in One Vanderbilt Avenue

SL Green Realty Corporation, New York City’s largest office landlord, sold a 27.6% interest in One Vanderbilt Avenue to the National Pension Service of Korea (NPS), and a 1.4% interest to Hines Interest LP. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, January 25, 2017

Norway GPFG: Raytheon Removed from Naughty List Defence company Raytheon was removed from Norway’s SWF banned list. Raytheon was banned from investing in 2005 over its involvement in the production of cluster munitions. Raytheon is no longer involved in the activity. India’s NIIF to Ink MoU with ADIA [ Content protected for Sovereign Wealth Fund […]


Trump Admin Compiles Initial Infrastructure List

Documents obtained by McClatchy’s Kansas City Star and The News Tribune detail 50 potential infrastructure projects that U.S. President Donald Trump’s team has compiled. Some of the projects are revenue generating and would be open to private money. So far, the projects total some US$ 137.5 billion.[ Content protected for Sovereign Wealth Fund Institute Standard […]


FSDEA Invests in Cabinda Port Development

Fundo Soberano de Angola (FSDEA) is investing US$ 180 million into the country’s first deep-sea water port in Cabinda, called Caio Porto SA, for a 50% ownership stake. Cabinda is the capital city of the Cabinda province, an northern exclave of Angola. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe […]


Could a Giant Asian SWF Acquire 60 Wall Street?

UPDATED: January 24, 2017. GIC Private Limited agreed to acquire a 95% stake in 60 Wall Street from Paramount Group. Paramount Group will manage the property and retain a 5% stake. This deal values the property at US$ 1.04 billion. Will Deutsche Bank have a new landlord for its North American headquarters? According to data […]


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, […]


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. […]