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Betting on Houston’s Economy, CPPIB to Buy Parkway

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The Canada Pension Plan Investment Board (CPPIB) is buying 100% ownership of Parkway, Inc., a Houston-based real estate investment trust, for US$ 1.2 billion, or US$ 23.05 per share. CPPIB has continued to expand its real estate portfolio across the United States, seeking stable, high-quality assets. Parkway owns the biggest office property portfolio in Houston, adding up to roughly 8.7 million square feet across 19 properties. Some Houston metro properties owned by Parkway include Phoenix Tower, Greenway Plaza, San Felipe Plaza and CityWestPlace. According to the U.S. Census Bureau, Houston is the fourth largest U.S. metropolitan economy and fourth most populous city in the United States.

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EXPORT DREAMS: American Reliance on World Oil at an Inflection Point

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Remember the days of experts talking about peak oil. The peak oil concept is the point in which the global petroleum production rate starts its inevitable historic decline. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Kuwait Projects Company Seeks to Sell Stake in Dubai TV Operator

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Kuwait Projects Company (KIPCO), a sizable Kuwaiti conglomerate is seeking to sell a majority stake in Dubai-based TV operator OSN. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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PIF Forms Company on Wadi Al Disah Development Project

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Saudi Arabia’s Public Investment Fund (PIF) is making a significant bet on two themes, sustainability and tourism. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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