Real Estate

SWFI First Read, December 4, 2016

BREAKING NEWS 4:40 PM PST Italian Prime Minister Matteo Renzi said he will resign after a defeat in a referendum over his plan to reform the constitution. “The ‘no’ won in an incredibly clear way,” Italian Prime Minister Matteo Renzi said from the Chigi Palace. Lukoil Sells Arkhangelsk Diamond Mine Moscow-based Lukoil, a giant Russian […]


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. ]


Friday SWFI News Roundup, December 2, 2016

In case you missed – Follow the Money – Episode #25 Jo Taylor Promoted to Senior Managing Director, International Bjarne Graven Larsen, Chief Investment Officer, Ontario Teachers’ Pension Plan (OTPP), announced that Jo Taylor has been promoted into the new role of Senior Managing Director, International, effective January 1, 2017. Taylor joined OTPP in 2012 […]


SWFI First Read, December 1, 2016

Columbia Investment Management Company Promotes Tim Donohue to CIO Columbia Investment Management Company is naming Tim Donohue as chief investment officer. This is in concert of Peter Holland becoming chief executive officer of Columbia Investment Management Company. Columbia Investment Management Company is the manager of the endowment of Columbia University. Donohue joined Columbia Investment Management […]


Follow the Money – Episode 25

Rachel and I do a brief episode on “Follow the Money – Global Connections”. We touch upon JASTA and recent changes at Saudi Arabia’s Public Investment Fund (PIF). Rachel chats briefly about institutional real estate. Download the Episode CONTENTS 1:05 Quick Market Recaps 1:47 JASTA and Gulf Sovereign Funds 5:00 Saudi Public Investment Fund Being […]


SWFI First Read, November 30, 2016

Trump Selects Elaine Chao for Secretary of Transportation U.S. President-Elect Donald J. Trump named Elaine L. Chao to be his choice to be the next U.S. Secretary of Transportation. Chao was the U.S. Secretary of Labor under U.S. President George W. Bush. Chao served as Deputy Transportation Secretary under U.S. President George H. W. Bush. […]


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. ]


SWFI First Read, November 27, 2016

State Street Sells Back Complementa Investment-Controlling to Company Management State Street Corporation sold its ownership of Swiss data and analytics firm Complementa Investment-Controlling to its management. Complementa CEO Heinz B. Rothacher purchased 100% of the shares in Complementa plus it subsidiaries. The company is based in St. Gallen and has branches in Zurich and Frankfurt. […]


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. ]


SWFI First Read, November 24, 2016

Happy Thanksgiving from SWFI Sue Brake Heads Over to Willis Towers Watson Sue Brake, a senior investment strategist at the New Zealand Superannuation Fund, has exited the wealth fund to join Willis Towers Watson as a senior investment consultant. APG Group Appoints Dick van Well to the Supervisory Board APG Group, which oversees APG Asset […]


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. ]


GIC Makes Senior Changes After Lim Siong Guan’s Exit

Singapore’s GIC Private Limited is shifting around its top level investment organization structure as Group President Lim Siong Guan is retiring. Taking over this spot is Lim Chow Kiat, effective January 1, 2017. Lim Siong Guan will be named to the GIC Group Executive Committee. Lim Siong Guan was ranked #11 on the Public Investor […]


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 […]