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BBC, Stanhope Plc, Mitsui Fudosan, and AIMCo Complete Sale of Television Centre

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According to the press release, “Today, the BBC and a consortium of Stanhope, Mitsui Fudosan UK and Alberta Investment Management Corporation (AIMCo) completed the sale of BBC Television Centre in West London.

The sale follows a year-long selection process. 240 expressions of interest were whittled down to six shortlisted bids which were tested against the BBC’s three key objectives: maximising the value of the site for Licence Fee payers; protecting the legacy of this iconic building and choosing a buyer that could deliver.

Stanhope has bought the site for guaranteed consideration of £200m. The BBC will also benefit from future overage payments.

Stanhope Plc’s funding partners in the transaction are Mitsui Fudosan and the Alberta Investment Management Corporation (AIMCo), who are both blue-chip, well-funded and experienced development partners.

The sale is part of long-term plans to reduce the size of the BBC’s property portfolio by 30 percent. The proceeds from the sale, together with the end of running costs for the site will contribute towards the BBC’s target of achieving annual savings in property expenditure of £47m pa by 2016/17.”

Read more: BBC Press Release

Follow the Money – Episode 45

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This longer-than-normal episode covers a wide range of issues including such as sovereign wealth funds, bitcoin, cryptocurrencies, Indian real estate, ESG, investment exclusions, central banking and more.

EPISODE 45

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The views in this media are expressed by Michael Maduell and other participants and are not reflective of the Sovereign Wealth Fund Institute (SWFI).

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CalPERS Board Elects Priya Mathur as Board President

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The board of the California Public Employees’ Retirement System (CalPERS) elected Priya Mathur as board president. The current president Rob Feckner was named vice president of the board. Feckner previously served as board president and vice president.

Priya Mathur is serving her fourth term on the CalPERS Board of Administration. Mathur is a principal financial analyst for Bay Area Rapid Transit District (BART). Mathur represents public employees on the CalPERS Board, which she joined in 2002. She currently serves on four committees: Governance, Investment, Pension & Health Benefits, and Risk & Audit. She chairs the Pension & Health Benefits Committee and is vice chair of the Governance Committee.

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Oman SGRF Contemplates $1 Billion Infrastructure Fund

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Oman’s State General Reserve Fund (SGRF) is in discussions on forming a US$ 1 billion infrastructure fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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