real assets

ADIA Buys Hotels in North Carolina Research Triangle

Abu Dhabi Investment Authority (ADIA) has acquired two hotels in North Carolina. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Brisbane

CalPERS Embarks on Asia-Pacific Infrastructure Partnership with QIC

The California Public Employees’ Retirement System (CalPERS) entered into a partnership with QIC (Queensland Investment Corporation) for a A$1 billion customized Asia-Pacific infrastructure portfolio. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Is Unlisted Infrastructure Too Expensive?

Today there are more infrastructure investor conferences than ever before, coupled with the plethora of journals covering the sector. This is a reflection of the insatiable demand for unlisted infrastructure in developed markets. Ontario Teachers’ Pension Plan (OTPP) CEO Ron Mock back in January 2015 at the World Economic Forum in Davos said in an [...]


Singapore Sovereign Fund and CPPIB Buy Landmark Mall in Seoul

Affluent retail markets in Asia such as Seoul and Tokyo are luring sovereign wealth and pension dollars. Sovereign wealth funds like the Abu Dhabi Investment Authority (ADIA) and the State Oil Fund of Azaerbaijan (SOFAZ) have invested in Seoul real estate. GIC Private Limited, one of Singapore’s sovereign wealth funds, and Canada Pension Plan Investment [...]


Union Investment Buys Part of Watermark Place

Germany-based Union Investment Real Estate GmbH has partnered with Oxford Properties, the real estate unit of OMERS, for a London office joint venture. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


QIA Denies Bid for Vietnam’s Tallest Tower

UPDATE – May 15, 2015: A Korean media outlet, Korea Joonang Daily, reports that the Qatar Investment Authority (QIA) is denying that it bid for Keangnam Hanoi Landmark Tower. There was a letter presented to Keangnam saying the QIA was interested and it was a “done deal.” The QIA said the letter was completely fake. [...]


China’s Biggest Grain Trader Sets up JV with CIC

Chinese state-owned COFCO Corporation, also known as China National Cereals, Oils and Foodstuffs Corporation, is the country’s biggest grain trader. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


investment consulting

CASHING IN: Cellnex IPO Aims to Attract Sovereign Funds

Barcelona-based Abertis Infraestructuras SA, a toll road company, seeks to cash in on the demand for Spanish communication infrastructure. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Real Estate Roundabout, May 5, 2015

Ivanhoé Cambridge Buys Leased UBS GAM London Office Ivanhoé Cambridge, a unit of Caisse de dépôt et placement du Québec (CDPQ), acquired 21 Lombard Street in London for £130 million. The class A office property is in the City district. The building is fully leased to UBS Global Asset Management. Ivanhoé Cambridge has been building [...]


Why ADIA or GIC Could be Ideal Owners for Starwood Hotels

Earlier Stamford-based Starwood Hotels & Resorts Worldwide Inc. publicly announced it was exploring strategic alternatives by hiring investment bank Lazard. Bruce Duncan, Starwood’s chairman, said on a conference call that “no option is off the table.” This could mean the hotel giant could be open to a takeover, buyout of another company, sell-off of assets [...]


superannuation

AustralianSuper Nears DC Office Portfolio Deal

AustralianSuper, Australia’s biggest superannuation fund, is nearing a close on a 49% stake in an office portfolio in the DC area from Brookfield Office Properties Inc. The transaction is yet to be completed. AustralianSuper could join the chorus of institutional investors such as Norway’s sovereign wealth fund and large Canadian pensions committing heaps of cash [...]


hong kong

BIG DEAL: ADIA Buys Stakes in Hong Kong Hotels

The Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds, is purchasing a 50% stake in three Hong Kong hotels from a group led by New World Development Co. Ltd in a HK$ 18.5 billion (US$ 2.4 billion) deal – one of Hong Kong’s largest real estate deals. ADIA is paying [...]


london

Qatar SWF Gets Barclays Bros. Interest in London Luxury Hotels

Qatar’s sovereign wealth exposure is expanding in the luxury hotel market in London. A unit backed owned by the Qatar Investment Authority (QIA), Constellation Hotels, has purchased a 64% interest in a portfolio of London hotels. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Prologis and Norway’s Sovereign Wealth Fund Acquire KTR Capital for $5.9 Billion

Norges Bank Investment Management (NBIM), manager of Norway’s Government Pension Fund Global (GPFG), signed an agreement to purchase a 45% stake for US$ 2.3 billion in a 60 million square feet industrial portfolio with additional development potential in a joint venture with Prologis. The transaction values the portfolio at US$ 5.9 billion. The joint venture, [...]


Saudi SOE Partners with Bunge to Buy Stake in Canadian Grain Handler

Saudi Arabia and its neighbors in the Gulf heavily rely on imported food. 80% to 90% of their food is imported. The kingdom’s neighbor, Qatar Investment Authority (QIA), created a unit to invest in farmland and other food opportunities called Hassad Food. Saudi Arabia has done the same. In 2011, late Saudi King Abdullah formed [...]


ADIA Sells Shares in Deutsche Annington

Back in December 2014, Deutsche Annington Immobilien SE, a German real estate apartment company, announced its intentions to buyout all of Luxembourg-based realty company GAGFAH S.A. The combination of Deutsche Annington and GAGFAH creates a company that has a portfolio of 350,000 residential units, with a total portfolio value of €21 billion. Sovereign Wealth Investment [...]


Sovereign Wealth Fund Increases Ownership in ILFS

The U.S. Department of Agriculture put out a projection for 2030, contending that India will go up in rankings and be crowned the third largest economy in the world behind China and the United States. India Prime Minister Narendra Modi was voted into power in 2014. After the widely-viewed election, billions worth of dollars of [...]


Leo de Bever

Norway’s Sovereign Fund Contemplates Infrastructure Allocation, Boosting Real Estate

The Norwegian Ministry of Finance is moving forward on assessing whether the sovereign wealth fund should boost allocation over its 5% cap in real estate and begin to invest in unlisted infrastructure. Norway’s Government Pension Fund Global (GPFG) made headways investing in properties in cities such as London, New York and Boston. The sovereign fund, [...]


superannuation

3 Large Sovereign Fund Cross-Border Bids Shaping the Industry

Bidders are quietly lining up as Australia’s New South Wales (NSW) government pushes forward on a plan selling leases on select infrastructure. NSW Premier Michael “Mike” Baird won a late March election, giving him a mandate to move forward with the lease sales. Essentially, the state government seeks to lease A$ 20 billion worth of [...]


infrastructure

APG and CalSTRS Form Infrastructure Alliance, Brings Argo Infrastructure

Dutch-based manager APG Asset Management NV, owned by Stichting Pensioenfonds ABP, and California State Teachers’ Retirement System (CalSTRS) formed an infrastructure investment alliance – a popular trend among giants. These alliances are becoming more commonplace as asset owners and other institutional investors are teaming up identify suitable investments, compete for bigger deals and share risk [...]