Real Estate

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. ]


SWFI First Read, June 23, 2016

AIMCo Invests in Scotia Plaza Real estate investment trust Dream Office REIT and H&R REIT have agreed to sell a 50% ownership stake in the 68-storey tower Scotia Plaza to Alberta Investment Management Corporation (AIMCo) and KingSett Capital, a Canadian real estate private equity firm. KingSett is making the investment through its KingSett Canadian Real […]


SWFI First Read, June 22, 2016

Harvard Management Company Reduces Staff, Drops Direct Equity Investments Harvard Management Company (HMC) reduced staff and is discontinuing direct equity investments. The in-house equity group will merge with the fixed income, credit, and commodities group to form a single public-markets platform. 8 positions at HMC were eliminated in May, while 4 were eliminated this week. […]


SWFI – Movers and Shakers – June 16, 2016

Warburg Pincus Hires Former Deutsche Bank CFO Stefan Krause, the former Chief Financial Officer of Deutsche Bank AG, is joining Warburg Pincus LLC as a senior adviser. Krause will assist the private equity firm find and evaluate investment opportunities in Europe. Krause joined Deutsche Bank in 2008 from Bayerische Motoren Werke AG. CBRE Global Investors […]


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. ]


SWFI First Read, June 12, 2016

Hermes Investment Management Hires Former BlackRock Director Hermes Investment Management hired Gareth Davies as head of client relationship management. Davies will report to Mark Miller, Hermes’ head of U.K. and MENA institutional. Before joining Hermes Investment Management, Davies was Managing Director at BlackRock for around 10 years. At BlackRock, Davies was in charge of overseeing […]


SWFI First Read, June 9, 2016

Oman to Stimulate its Healthcare Sector by PPP Model [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Norway SWF Acquires Bigger Shares of Hudson Square Portfolio

Norges Bank Investment Management (NBIM) purchased an additional 4% in the Hudson Square joint venture with Trinity Church Wall Street, bringing the total ownership share up to 48% for the duration of the 75-year ownership period. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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Qatar Sovereign Fund Acquires Asia Square Tower 1 from BlackRock

After trying to sell the massive office tower to institutional investors such as Norway’s sovereign wealth fund, BlackRock has found a buyer for Asia Square Tower 1, located along Marina View at Marina Bay. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, June 5, 2016

Trinidad & Tobago Experiences First Drawdown of Wealth Fund The Trinidad & Tobago government has withdrawn 2.5 billion TTD (US$ 385 million) from the country’s Heritage & Stabilization Fund. This is the first time there has been a drawdown of the Heritage & Stabilization Fund. The fund will back-pay government workers. India FinMin: NIIF and […]


Friday SWFI News Roundup, June 3, 2016

Khazanah Had Secondary Share Sell on IHH Stock Malaysia’s Khazanah Nasional sold 829 million MYR (US$ 201 million) worth of shares (1.6% stake) from a secondary sale of shares in IHH Healthcare, the hospital operator. Khazanah’s ownership after the secondary sale was reduced to 42.8%. Before the sale, Khazanah owned 45.3% of IHH. IHH is […]


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bcIMC to Corral Real Estate into New Entity

The British Columbia Investment Management Corporation (bcIMC), through its Realpool Investment Funds, formed QuadReal Property Group. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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SWFI First Read, May 31, 2016

MISSED OPPORTUNITY: Norway SWF Was Pitched Facebook When It Was Private Norway’s sovereign wealth fund passed up investing in social networking giant Facebook before its initial public offering (IPO). Facebook had reached out to Norges Bank Investment Management (NBIM) before its IPO to see if they wanted to invest. Wealth fund rules governing it prevented […]


CPPIB Gets Mini Exposure to Romanian Real Estate

London-based Cairn Capital, a credit asset management, advisory and securities restructuring firm established in 2004, through its newly formed European Commercial Mortgage Fund, and Canada Pension Plan Investment Board (CPPIB), through its wholly owned subsidiary, CPPIB Credit Investments Inc., announced they have signed a commitment to purchase a €180 million bond secured on properties owned […]


SWFI First Read, May 30, 2016

CIT Looks to Sell Aviation Assets Lending giant CIT Group Inc. is seeking to sell some aircraft leasing assets. Some bidding entities include Industrial and Commercial Bank of China’s ICBC Leasing, Japan’s Orix Corporation and China’s HNA Group. Other possible parties to bid are China Investment Corporation (CIC), China Development Bank Leasing (CDB Leasing) and […]


Friday SWFI News Roundup, May 27, 2016

Qatari Government Hits Capital Markets for US$ 9 Billion Earlier this week, the Qatari government sold US$ 9 billion worth of Eurobonds, consisting of three maturities. Qatar is the world’s biggest exporter of liquefied natural gas (LNG). 3 Maturities 5-Year, US$ 3.5 billion, 120 basis points over U.S. Treasuries 10-Year, US$ 3.5 billion, 150 basis […]


SWFI First Read, May 26, 2016

Blackstone Ponders Logicor Sale The Blackstone Group is in talks on whether to sell its European logistics business called Logicor. The platform is valued around €11 billion, including debt. At the moment, asset owners are clamoring for high-quality logistical assets. Cybersecurity: OMERS Forms Tech Committee The Ontario Municipal Employees’ Retirement System (OMERS) has formed a […]


CIC Parks Big Money in Manhattan Financial District Office

Mega sovereign wealth funds continue to circle around core markets in the United States. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, May 23, 2016

Bayer Bids for Monsanto Leverkusen-based Bayer AG put out an unsolicited US$ 62 billion all-cash offer to acquire St. Louis-based Monsanto Co. Altico Capital Closes on 2 Indian Residential Deals Altico Capital, a non-banking finance company backed by Clearwater Capital Partners, Abu Dhabi Investment Council and Varde Partners, closed two real estate deals in India. […]