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Some Senators Have National Security Concerns on Foreign Property Investors

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Increasingly, sovereign funds, pensions, family offices, state-owned conglomerates, insurance companies and high-net worth individuals from abroad are gradually spending more money into U.S. real estate. Wealth funds have ramped up operations, having invested in properties such as Hudson Yards, the Empire State Building (indirectly) and the Chrysler Tower.

The China Investment Corporation (CIC) officially opened its New York office, aiming to partake in more real estate, and possibly infrastructure investments. There is also the deluge of capital from EB-5 money into American real estate and developments, with NPR sourcing that 80% of EB-5 recipients are Chinese. Many overseas institutional investors choose real estate as an investment as it is deemed less-politically risk versus buying a controlling stake in a technology company.

U.S. Senators Poke at CFIUS Regarding Real Estate Capabilities

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GIC and ADIA Financial Power Greenko Again with $550 Million

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Singapore’s GIC Private Limited and the Abu Dhabi Investment Authority (ADIA) are already investors in Hyderabad-based Greenko Energy Holdings Pvt. Ltd, a renewable energy firm in India. Greenko Energy raised US$ 550 million from GIC and ADIA.

GIC holds a majority 60% stake in Greenko. ADIA has about a 15% stake in Greenko. The Greenko founders hold around a 25% stake in the company.

By 2021, Greenko is working on installing three new projects in Andhra Pradesh, Karnataka, and Maharashtra.

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Indian Hotel Company OYO and PIF Sign MoU

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Saudi Arabia’s Public Investment Fund (PIF) and OYO signed a Memorandum of Understanding (MoU) to explore co-investment and cooperation opportunities between the two parties, in line with PIF’s mandate to diversify Saudi Arabia’s economy through the localization of skills, creation of jobs and development of new sectors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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GIC and Mitsubishi Pole for GMA Airport Minority Stake

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Singapore’s GIC Private Limited and Japan-based Mitsubishi Corporation are in discussions with GMA Infra to acquire a minority ownership stake in its airport holding company. The parent company GMR Infra currently owns 91.95% of GMR Airport.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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