real assets

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. ]


Betting on U.S. Growth Post-Election, KIC Eyes Luxury Hotels

The U.S. stock market rose to record highs on the future of a Donald Trump presidency, coupled with the GOP controlling both the U.S. Senate and House. The Dow Jones Industrial Average (DJIA) has skyrocketed 800 points since Trump’s win. Asian sovereign funds are taking a deeper focus into U.S. mezzanine debt markets, especially in […]


Abu Dhabi Sovereign Wealth Helps Fund Waterline Square Development

Gulf-based sovereign investors participate in a wide spectrum of real estate investments from financing, to developing, to owning properties in core markets like Manhattan and London. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Changi Airports International Invests in the Russian Far East

Russia is keen on expanding its influence in its Far East region, while opening up trade with other parts of Asia. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Wolfe Asset Management Acquires 5 Wilton Road Office Property

Sweden’s AP1 and AP2 has a €4 billion venture called Cityhold Office Partnership that is managed by TH Real Estate. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Asian Sovereign Wealth Takes a Deeper Look into Vietnamese Properties

A number of sovereign funds and large pensions feel slightly underexposed to Asian properties. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Brookfield Asset Management and CIC Partner on IFC Seoul Building Deal

In July 2016, SWFI reported that Brookfield Asset Management was in the midst of a deal 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. ]


texas

UTIMCO Invests in Argentinean Agribusiness

The University of Texas Investment Management Company (UTIMCO), along with the International Finance Corporation (IFC), part of the World Bank, and FMO, the Dutch development bank, invested in an Argentinean agribusiness company called Buenos Aires-based Grupo Los Grobo. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, November 18, 2016

Anbang Insurance Group Bids for 777 Bay Street China-based Anbang Insurance Group Co. is nearing a deal to acquire an office and retail tower at 777 Bay Street in downtown Toronto. The sellers of the 30-storey building are Montréal-based Canderel and OPTrust, each holding a 50% ownership interest in 777 Bay Street. The sales price […]


ADIA Buys Slough Shopping Centre

Gulf sovereign investors remain opportunistic when finding property investments across the United Kingdom. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Henderson Park Acquires Le Méridien Etoile Hotel

Real estate firm Henderson Park, backed by major investors such as Stone Point Capital, the Kuwait Investment Authority and Wafra Investment Advisory Group, acquired the Le Méridien Etoile hotel from Mount Kellett Capital Management and Cedar Capital Partners for US$ 500 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe […]


Norway SWF Invests in Oxford Street Property

Norges Bank Real Estate Management, a unit of Norges Bank Investment Management (NBIM), acquired a 100% ownership interest in 73-89 Oxford Street and 1 Dean Street from Great Portland Estates plc. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GIC and Korea’s NPS Invest in G-Square Complex in Seoul

Asian sovereign funds and pensions are keen on investing in dominant and well-located retail properties in Northern Asia. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CPPIB Invests £240 Million in Mezzanine Facility for Wembley Park Project

Despite the Brexit vote outcome in June 2016, Canadian asset owners continue to invest in large-scale funding projects in the United Kingdom. Canada Pension Plan Investment Board (CPPIB), through its unit CPPIB Credit Investments Inc., has agreed to provide a £240 million corporate mezzanine development facility to London developer Quintain Estates & Development Plc. Founded […]


Russian Direct Investment Fund Pools Investors to Invest in Agriculture and Food Production

Foreign institutional investors are keen on investing in Russian agriculture and food products. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


VINCI Airports, CDC and Crédit Agricole Assurances Finalize French Airport Privatization Deal

An investor group consisting of Caisse des Dépôts (CDC), VINCI Airports and Crédit Agricole Assurances (part of Crédit Agricole Group) have finalized the purchase of a 60% ownership stake in Aéroports de Lyon (ADL). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GIC Buys P3 from TPG Real Estate and Ivanhoé Cambridge

Asian wealth funds are bullish on the growth of e-commerce, thus many have placed sizable bets on industrial properties such as warehouses in select corridors. Singapore’s GIC Private Limited is expanding its industrial property portfolio with a €2.4 billion acquisition of Prague-based P3 Logistic Park, a European storage company, from TPG Real Estate and its […]