APG and Hines Back €450 Million Development in Dublin’s New Cherrywood

Published

9 months ago

January 11, 2018

Dutch national pension fund investor APG Asset Management (APG) has entered into a joint venture with U.S.-based Hines International Real Estate Holdings to provide €450 million in funding for land and construction of 1,221 build-to-rent apartments and adjoining retail space in Dublin’s new 400-acre Cherrywood development zone, which was bought by Hines in 2014 from Ireland’s National Asset Management Agency (NAMA)for €280 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Saudi Aramco and PIF See Opportunities in Russia

Published

1 hour ago

October 22, 2018

Site Director

Saudi Arabia’s Public Investment Fund (PIF) is currently exploring opportunities within Russia. PIF is working with the Russian Direct Investment Fund (RDIF) on a number of fronts. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

HNA Group Aims to Shrink and Sell

Published

4 hours ago

October 22, 2018

Site Director

Chinese conglomerate HNA Group is on a selling spree due to an order from the government in Beijing to scale back on debt. HNA Group joins Anbang Insurance Group and Dalian Wanda Group in deleveraging from global assets, particularly in hotels and real estate. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Central Bank of Hungary Buys Mounds of Gold

Published

9 hours ago

October 22, 2018

Site Director

In October, the Central Bank of Hungary (MNB) boosted its gold reserves by 10 times, from 3.1 tons to 31.5 tons. This was revealed on October 16, 2018. The gold acquired by the central bank in October has a holding value of US$ 1.24 billion.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]