Real Estate

SWFI First Read, July 26, 2016

TransCanada Mexican Pipeline Stake Lures Interest from Canadian Giants [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, July 25, 2016

Singapore Strategy, Robeco Plants Roots [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


NBIM Trims Logistics Portfolio, Sells Two East Coast Assets

Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, has sold two U.S. logistics assets, in which it owned a 45% stake in both, that were initially acquired as part of its joint venture with Prologis. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. […]


SFERS Moves Large RE Mandate from Deutsche Bank to CIM

The San Francisco Employees’ Retirement System (SFERS) has moved a US$ 700 million separate account mandate in U.S. core and value-add real estate from Deutsche Asset Management to CIM Group. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, July 22, 2016

CPPIB Exits Riocan Trust Property JV Riocan Real Estate Investment Trust will acquire the Canada Pension Plan Investment Board’s (CPPIB) interest in four properties. The trust will purchase CPPIB’s 50% interest for an aggregate purchase price of US$ 352 million. Sara Bonesteel Promoted to New Retirement CIO at Prudential [ Content protected for Sovereign Wealth […]


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QIA Invests with Douglas Emmett in Class A Wilshire Property

In 2015, the Qatar Investment Authority (QIA) announced its intentions to invest US$ 35 billion in the United States over the next five years. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


OPPORTUNISTIC: Norway SWF Buys Aberdeen-Owned Retail Property

Asset owners such as sovereign funds are on the prowl for real estate properties in core markets as liquidity-weak investors such as some major U.K. open-end property funds may have to sell off. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Tough Year for CalPERS

The California Public Employees’ Retirement System (CalPERS) announced a preliminary net return of 0.61% for the fiscal year ended June 30, 2016, inferior compared to last year’s return of 2.4%. This is CalPERS worst performance since 2012. Similar to 2015, listed equities and private equity were asset classes that dragged performance, while infrastructure and fixed […]


Irish Government Views ISIF as Key to Boost Housing

The Irish government has a strategic goal of having 25,000 new homes by 2020. According to Ireland’s Central Statistics Office, Dublin’s population increased 5.7% from 2011 to 2016, with a 72,333 change in people. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Brookfield Nearing Deal for IFC Seoul Complex

Brookfield Asset Management is nearing a deal and is expected to be the preferred bidder 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. ]


South Africa’s PIC Kicks in $730 Million Toward Mortgages

South Africa’s Public Investment Corporation (PIC) which oversees the Government Employees Pension Fund (GEPF) invested 10.5 billion ZAR (US$ 730 million) in Durban-based SA Home Loans Ltd., the fifth largest mortgage provider in South Africa. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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Ascott-QIA Partnership Acquires Melbourne Serviced Residence Property

The Ascott Limited has made its first purchase in serviced residence properties in Docklands, Melbourne as part of its A$ 500 million strategic partnership with Quest Apartment Hotels (Quest), one of the biggest serviced apartment operators in Australia. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GIC Dips Hand in South Korean Logistics

South Korea’s logistics and warehouse market has attracted large public institutional investors such as APG, the Canada Pension Plan Investment Board (CPPIB) and Singapore’s GIC Private Limited. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Qatari Diar Backs Long Island Development in Queens

Real estate developer and operator Tishman Speyer is starting construction on a 1.1 million square foot Long Island City (LIC) office and retail development. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, July 11, 2016

Deutsche AM Nabs Prudential Real Estate Executive for APAC Deutsche Asset Management hired Victoria Sharpe as managing director and head of real estate, Asia Pacific. Based in Singapore, she will report to Pierre Cherki, Head of Alternatives at Deutsche Asset Management. Most recently, Sharpe was Head of the Global Client Capital Group at TH Real […]


UPDATE: Sahara Group Unloads Three Luxury Hotels to QIA for $1.6 Billion

July 28, 2016 UPDATE: Apparently, the deal has been rejected and is not going through, according to the Sahara Group. Opportunistically, the Qatar Investment Authority (QIA) is moving forward on buying Sahara Group’s ownership stake in its three marquee hotels for US$ 1.6 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]


Follow the Money – Episode 13

This is the fourth episode of Global Connections. We continued the fast-paced discussion on Brexit and its impact on institutional investor confidence. Rachel and I wove a number of issues together such as asset owners and infrastructure, real estate and M&A in the Middle East, particularly on NBAD’s future corporate strategy. We tossed around the […]


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SWFI First Read, July 5, 2016

Standard Life Investments Suspends Trading in UK Property Fund U.K. property funds are facing redemption risks, potentially creating a spiral downward on property portfolios. Effective immediately, Standard Life Investments (SLI) suspended trading on July 5th on its £2.9 billion U.K. Real Estate fund. The fund targets U.K. real estate in areas such as warehouses, offices […]


Friday SWFI News Roundup, July 1, 2016

Indiana Public Retirement System Selects BlackRock for Industrial REIT Mandate The Indiana Public Retirement System (IPRS) selected BlackRock for a US$ 100 million passive investment mandate to invest in industrial real estate investment trusts (REIT). BlackRock will be using the FTSE NAREIT Custom Industrial 25% Capped Index as a benchmark. JPMorgan and Lone Star Funds […]


QIA and CDC Invest in African Property Company

Founded by African distributor CFAO, SGI Africa is a pan-African property company that develops and operates shopping centers primarily through its PlaYce brand. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]