Real Estate

SWFI First Read, January 16, 2017

ACCESS: GF International and Euroclear Sperahead China ETF In a bid to open up mainland China for European retail and institutional investors, GF International Asset Management, the U.K. subsidiary of the Chinese asset manager of GF Fund Management, has collaborated with Belgium-based Euroclear Bank to launch an international exchange traded fund (ETF). The ETF is […]

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, […]

SWFI First Read, January 13, 2017

Mubadala and IPIC Merger is on Track It appears the merger between the Mubadala Development Company and International Petroleum Company (IPIC) is getting closer to fruition and could be completed by the end of the first quarter of 2017. BlackRock Named Sarah Melvin as Head of the Institutional Business for North America Asset management giant […]

Could a Giant Asian SWF Acquire 60 Wall Street?

Will Deutsche Bank have a new landlord for its North American headquarters? According to data from the Sovereign Wealth Fund Transaction Database, Asian sovereign funds have steadily made up a significant portion of buyers in U.S. office real estate compared to other types of public asset owners. [ Content protected for Sovereign Wealth Fund Institute […]

TREND: Ontario Teachers Invests in Datacenter Business

Is the infrastructure around information technology becoming a utility? New York-based RedBird Capital Partners and the Ontario Teachers’ Pension Plan (Ontario Teachers) are investing in Dallas-based Compass Datacenters, LLC. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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 10, 2017

Marty Chavez Named CFO of Goldman Sachs R. Martin “Marty” Chavez was named Chief Financial Officer at Goldman Sachs. Previously, Chavez was Chief Information Officer at Goldman Sachs. Chavez joined Goldman Sachs in 1993 in the J. Aron Currency and Commodities division. From 1997 to 2000, he was Global Head of Energy Derivatives at Credit […]

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. […]

SWFI First Read, January 7, 2017

U.S. President-elect Donald J. Trump was formally certified as the winner of the U.S. presidential election on Friday. ISS Acquires IW Financial Institutional Shareholder Services Inc. (ISS) is acquiring Portland, Maine-based IW Financial, a provider of environmental, social, and governance (ESG) research, consulting, and portfolio management solutions. Theranos to Fire 41% of Staff Palo Alto-based […]

SWFI – Movers and Shakers – January 6, 2017

UBS RE Executive to Exit for GIC UK Role Iain Cahoon is leaving UBS AG as co-head of EMEA real estate to become Head of U.K. for Singapore’s GIC Private Limited. Pablo Sánchez Named President of Banco Central de Bolivia Pablo Sánchez is taking over as President of Banco Central de Bolivia (the Central Bank […]

SWFI First Read, January 4, 2017

Trump to Nominate Jay Clayton as SEC Chairman U.S. President-elect Donald Trump is putting forward Jay Clayton, to head the U.S. Securities and Exchange Commission (SEC). Clayton is a partner at law firm giant Sullivan & Cromwell LLP. If confirmed by the U.S. Senate, he would replace Mary Jo White. “Jay Clayton is a highly […]

SWFI First Read, January 3, 2017

SOLVENCY ISSUES: Central States Teamsters Pension Fund Could Get Approval to Cut Benefits The Central States Teamsters’ pension plan, based in Des Plaines, Illinois, hopes to get approval from the U.S. Treasury Department to lower benefits for participants by as much as 30% to help the plan remain solvent. The plan covers more than 407,000 […]

SWFI First Read, December 31, 2016

Happy New Years! K Raheja Corporation and GIC Acquire Property in Mumbai Indian property developer K Raheja Corporation and Singapore’s GIC Private Limited, through its unit Reco Solis Pte Ltd, partnered together forming a joint venture called Whispering Heights Real Estate to acquire land from Siemens. Whispering Heights Real Estate acquired the leasehold interested located […]

Friday SWFI News Roundup, December 30, 2016

BIG DEAL: RBI Approves Fairfax Financial’s Bid to Buy Domestic Indian Bank The Reserve Bank of India (RBI) approved Canadian billionaire Prem Watsa’s Fairfax Financial Holdings Ltd. ‘s bid to acquire a 51% ownership stake in Thrissur, Kerala-based Catholic Syrian Bank Ltd. This is a milestone deal because this is the first time the RBI […]

CPPIB Sold 45% Stake in 1221 Avenue of the Americas to Chinese SWF

On December 23, 2016, the Canada Pension Plan Investment Board (CPPIB) announced that it has sold its 45% ownership interest in a Manhattan 50-storey office property, 1221 Avenue of the Americas (1221), to an Asian sovereign wealth fund for US$ 1.03 billion, with net proceeds to CPPIB of approximately US$ 950 million before closing adjustments. […]

SWFI First Read, December 24, 2016

The Silverfern Group Invests in Broad River Energy Center Located in South Carolina On December 20, 2016, The Silverfern Group, finalized its acquisition of Broad River Power Holdings, an 878 MW dual-fuel, simple-cycle gas turbine electric power plant strategically located 40 miles from Charlotte, North Carolina, in partnership with Texas-based Arroyo Energy Investment Partners LLC. […]

Foreign Investors Acquire Two Major Frankfurt Properties, including TaunusTurm

A group of institutional investors has acquired a large stake in the iconic TaunusTurm skyscraper in the core of Frankfurt’s banking district from Commerz Real, the fund management unit of Commerzbank AG. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Mass PRIM’s Inaugural Direct Real Estate Deal

The Massachusetts Pension Reserves Investment Management Board (Mass PRIM) made its inaugural direct real estate investment in a bid to save on manager fees. Real estate investments make up roughly 10% of Mass PRIM’s current portfolio allocation. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]