real assets

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. ]


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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. ]


Brookfield Nearing Deal for IFC Seoul Complex

Brookfield Asset Management is nearing a deal and is expected to be the preferred bidder to purchase the International Financial Centre Seoul (IFC Seoul) complex in Yeouido, western Seoul. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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Ascott-QIA Partnership Acquires Melbourne Serviced Residence Property

The Ascott Limited has made its first purchase in serviced residence properties in Docklands, Melbourne as part of its A$ 500 million strategic partnership with Quest Apartment Hotels (Quest), one of the biggest serviced apartment operators in Australia. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GIC Dips Hand in South Korean Logistics

South Korea’s logistics and warehouse market has attracted large public institutional investors such as APG, the Canada Pension Plan Investment Board (CPPIB) and Singapore’s GIC Private Limited. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Qatari Diar Backs Long Island Development in Queens

Real estate developer and operator Tishman Speyer is starting construction on a 1.1 million square foot Long Island City (LIC) office and retail development. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


UPDATE: Sahara Group Unloads Three Luxury Hotels to QIA for $1.6 Billion

July 28, 2016 UPDATE: Apparently, the deal has been rejected and is not going through, according to the Sahara Group. Opportunistically, the Qatar Investment Authority (QIA) is moving forward on buying Sahara Group’s ownership stake in its three marquee hotels for US$ 1.6 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]


Follow the Money – Episode 13

This is the fourth episode of Global Connections. We continued the fast-paced discussion on Brexit and its impact on institutional investor confidence. Rachel and I wove a number of issues together such as asset owners and infrastructure, real estate and M&A in the Middle East, particularly on NBAD’s future corporate strategy. We tossed around the […]


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HKMA Establishes Infrastructure Financing Facilitation Office

The Hong Kong Monetary Authority (HKMA) formally launched the Infrastructure Financing Facilitation Office (IFFO), in a bid to promote Hong Kong as an infrastructure financing hub. Some of IFFO’s key functions will be to provide a platform of information exchange, promote market and product development, building capacity on infrastructure investing and facilitating infrastructure investment and […]


SWFI First Read, July 4, 2016

GPIF Likely Had a Rough Start into Equities for 2015 Japan’s Government Pension Investment Fund (GPIF) may have lost more than ¥5 trillion in its fiscal year 2015. If this information holds true, it would be the first loss for GPIF in five years. The Japanese government will release the official data on July 29, […]


QIA and CDC Invest in African Property Company

Founded by African distributor CFAO, SGI Africa is a pan-African property company that develops and operates shopping centers primarily through its PlaYce brand. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, June 26, 2016

Sujoy Bose Named CEO of NIIF Sujoy Bose was named chief executive officer of India’s National Investment and Infrastructure Fund (NIIF). He is the Director and Global Co-Head of Infrastructure and Natural Resources at International Finance Corporation (IFC), the private sector lending arm of the World Bank. Starwood Capital Seeks Buyers for U.S. Mall Portfolio […]


ADIA Invests in Macau Mall Development

The Abu Dhabi Investment Authority (ADIA) embarked on a 50:50 joint venture with Shun Tak Holdings Limited, a Hong Kong conglomerate, to invest in a shopping mall in Taipa, Macau. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Why Institutional Investors Who Go Direct Need to Think About Disruption

According to data from the Sovereign Wealth Fund Transaction Database (SWFTD), the pace of direct investing remains positive for both larger wealth funds and public pensions as allocating capital straight into companies and assets enables the possibility of greater control. In addition, the benefits of co-investing entails lower fees and expanding access to information asymmetry. […]


RDIF and Co-Investors to Back Reconstruction of Parts of M-4 Don Highway

The Russian Direct Investment Fund (RDIF) is investing in a project that will restructure portions of the federal M-4 Don highway in Russia, as part of its infrastructure partnership with Avtodor State Company formed in December 2014. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SEGRO Moves Portfolio of Big Box Warehouses to JV

Public Sector Pension Investment Board (PSP Investments) acquired a 50% percent share in a European property portfolio of mega warehouses from SEGRO plc, a U.K. real estate investment trust (REIT), for €89.4 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]