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Diligentia AB sells Sturegallerian

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The press release states, “Diligentia AB has today reached an agreement regarding the sale of all shares in Sturegallerian AB to Tamweelview European Holdings S.A, an institutional client to AXA REIM

Sturegallerian AB owns the Sperlingens Backe 27 and 56 properties and the Sperlingens Backe 55 site leasehold property at Stureplan in Stockholm.

The properties and the site leasehold property that are owned by Sturegallerian AB comprise in total approx. 60,000 sq.m. of lettable area, excluding garages, of which approx. 37,000 sq.m. comprises offices and approx. 13,000 sq.m. comprises stores in the Sturegallerian mall, the Sturebadet pool and spa, as well as the Sturehof, Sturecompagniet and Tures restaurants. The purchase price for the shares is based on an underlying value of the properties and the site leasehold property of approximately SEK 4 billion.”

read more: Catella Property Group

CDPQ Boosts Stake in Azure Power

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Disclosed on October 17, 2018, Caisse de dépôt et placement du Québec (CDPQ), through CDPQ Infrastructures Asia Pte Ltd., increased its stake in Azure Power Global Limited, a listed Indian solar power producer. CDPQ increased its ownership in Azure Power to 40.3% ownership by a US$ 100 million commitment in a recent capital raise. Post-deal, CDPQ has invested US$ 240 million in Azure Power.

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Invesco Lost a Big SWF Equity Mandate

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Invesco celebrated its landmark acquisition to acquire OppenheimerFunds from MassMutual. Invesco faced some outflows on its active management side of the business. In the third quarter of 2018, Invesco had outflows from two sovereign wealth funds, which totaled approximately US$ 2.5 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Sky News Reveals CPPIB Eyeing Gatwick Airport

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Mark Kleinman of Sky News revealed that the Canada Pension Plan Investment Board (CPPIB) is seeking to purchase a stake in Gatwick airport. The transaction could be more than £3 billion GBP, as CPPIB seeks to acquire a 42% in the airport from Global Infrastructure Partners. Furthermore, CPPIB would invest more capital into the airport if the deal goes through.

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