real assets

LOGISTICS: Macquarie and Ivanhoe Cambridge Acquire LOGOS Property Group

Global asset owners such as Canadian pensions and sovereign wealth funds are acquiring and getting exposure to logistic properties. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


QIC Expands U.S. Mall Strategy

Queensland Investment Corporation (QIC), through its unit QIC Global Real Estate, is expanding its U.S. mall strategy by allocating another US$ 750 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


private equity investors

GIC Sells Resort Property in Miami

Lennar Corporation and Miami-based Codina Partners won a bid over a number of suitors including Republican Presidential Candidate Donald Trump’s company in acquiring a 130-acre property that was sold by Singapore’s GIC Private Limited for over US$ 100 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. [...]


PGGM’s Real Asset Efforts Kept Busy in Ireland and UK

Dutch pension fund PGGM joined a consortium to invest in a €230 million infrastructure project in Ireland. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


AustralianSuper Expands European Property Strategy

AustralianSuper is keen on expanding its international real estate profile. AustralianSuper boosted its ownership in the King’s Cross Central Partnership (KCCLP), a central London development, for £371 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


ports sovereign wealth

CIC Eyes Prime UK Office Properties

Australia’s Goodman Group is nearing a deal with the China Investment Corporation (CIC) on a £250 million real estate transaction in the United Kingdom office market. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Why Institutional Investors are Bullish on U.S. Real Estate

This article is sponsored by Marcus & Millichap. Written by Mark Taylor, Senior Vice President Investments, Senior Director, National Retail Group 2016 OUTLOOK Most commercial brokerage firms had their best year ever in 2015 in terms of transactions closed, dollar volume closed, and revenue. (At Marcus & Millichap, we closed 7,667 transactions totaling $33,139,000,000). We [...]


RDIF and DP World Form Joint Venture

The Russian Direct Investment Fund (RDIF) formed a joint venture with DP World, a Dubai-based ports operator that operates an excess of 65 marine terminals across six continents. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, January 20, 2016

Temasek Participates in Meituan-Dianping Fund Raise [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Korean Sovereign Fund Buys US Hotel Interests

Asian sovereign wealth funds continue to eye U.S. real estate in core markets such as Manhattan. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, January 17, 2016

ADIA Sells London Property to Chinese Company The Abu Dhabi Investment Authority (ADIA) has sold a London property for £145 million to a state-owned enterprise from China. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Finnish Utility Elenia is up for Sale

Finnish utility Elenia Oy is the second biggest electricity distributor in the country, covering more than 100 municipalities in Finland. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, January 14, 2016

Hedge Fund Guru Tepper Files Suit Against SunEdison David Tepper, through his hedge fund Appaloosa Management, filed a lawsuit against SunEdison, the solar manufacturing company. SunEdison’s stock fell over 84% over the past year. Tepper is not a shareholder of SunEdison, but a shareholder of TerraForm Power, SunEdison’s yield company. He wants to prevent TerraForm [...]


BlackRock NY

BlackRock to Form Real Assets Group

BlackRock is shaking up some executive spots. BlackRock is forming a new real assets unit to be headed by Jim Barry. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Trio of Sovereign Funds Attracted to Milan Offices

Sovereign funds recently made a flurry of transactions in Italian real estate. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


new york asset management

Why Legg Mason is Keen on Buying Clarion Partners

Baltimore-based Legg Mason Inc., like many U.S. asset managers, have sought ways to generate more fee income. At the same time, Legg Mason knows that real estate allocations are growing for wealth funds, pensions and insurance companies. Second, large real estate investment firms are rarely on the block for sale, compared to traditional asset managers. [...]


london real estate

Cityhold Office Partnership Acquires Former HQ of Great Portland Estates

Swedish buffer funds, AP1 and AP2, have partnered with TIAA-CREF to acquire a central London office property, through their €4 billion Cityhold Office Partnership. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, January 4, 2016

CPPIB, GIC and Scion Buy University House Communities Group The Canada Pension Plan Investment Board, Singapore’s GIC Private Limited and The Scion Group LLC, through Scion Communities Investors LLC, announced they have formed a student housing joint venture entity, Scion Student Communities LP. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please [...]


nyc

FIRPTA Reform a Boon for Sovereign Wealth Funds

The Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) has been an albatross on the neck for many international institutional investors such as sovereign funds and overseas pensions. The act has prevented more overseas capital to flow into the United States. From SWFI’s proprietary Sovereign Wealth Fund Transaction Database, for the calendar year [...]


Sovereign Funds Pursue Demand-Driven Investing

SWFI research indicates that many sovereign wealth fund portfolios in externally-managed real estate performed well in 2015. Sovereign investors are keen to partner with leading real estate firms, tapping their network to find suitable assets. It is a salutary reminder to all real estate investors that demand-driven investing is becoming popular among public institutional investors. [...]