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CPPIB Extends Activities with Longfor to Boost China RE Projects

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Canada Pension Plan Investment Board (CPPIB) and Longfor Properties Company Limited (Longfor) revealed plans to extend their cooperative investments to include two new mixed-use real estate development projects in Chengdu and Shanghai in China, for a total CPPIB commitment of approximately 4,200 million RMB (C$ 800 million).

CPPIB is keen on expanding its exposure in the Chinese real estate sector, specifically in the fast-growing retail sector. CPPIB worked with Longfor on projects such as Suzhou Times Paradise Walk and Chongqing West Paradise Walk.

Two Site

Project 1: Mixed-Use Development in east part of Chengdu
1. Approximately 740,000 square meters for residential and commercial use.
2. The site will include a Paradise Walk shopping mall of approximately 140,000 square meters.

Project 2: Shanghai site in the South Minhang area
1. Approximately 340,000 square meters comprised of retail and commercial components and is ideally located in terms of transport links and its proximity to two universities, as well as the Zizhu technology hub.
2.The site will include a Paradise Walk shopping mall.

Angolan Government Cancels Port Concession, Reviews Others

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Atlantic Ventures SA, which has ties to Isabel dos Santos (daughter to former Angolan president,) lost its concession rights to construct a US$ 1.5 billion port – the Barra do Dande port – near Luanda. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Egyptian Parliament Passes Draft Law on Misr Fund

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Egypt’s state news agency revealed the country is forming a sovereign wealth fund with initial capital of 5 billion Egyptian pounds, with 1 billion Egyptian pounds of that amount being immediately transferred from the Egyptian public treasury. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Capital Constellation Backs Middle Market PE Platform

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Capital Constellation is the investment platform owned by the Alaska Permanent Fund Corporation (APFC), RPMI Railpen, and Wafra Inc. on behalf of the Public Institution for Social Security of Kuwait (PIFSS). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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