SWFI First Read, July 28, 2017
BREXIT WHAT? Walkie Talkie Building Sold to Hong Kong LKK Health Products Group
Infinitus Property Investment, a subsidiary of Hong Kong-based LKK Health Products Group, has acquired the 37-storey Walkie Talkie building in London for approximately £1.3 billion. The property is located at 20 Fenchurch Street. The sellers were Canary Wharf Group and Land Securities. Cushman & Wakefield advised on the deal. Infinitus Property Investment oversees properties in markets such as Hong Kong, Guangzhou and Shanghai.
BCPP Nominates RPMI Rail Chief Exec as Chairman
Chris Hitchen was appointed as Non-Executive Chair of Border to Coast Pensions Partnership (BCPP). BCPP is one of many public pension pools in the United Kingdom. Hitchen is Chief Executive at RPMI Railpen, who is set to be leaving in the future. BCPP is poised to combine the assets of 12 local government pension schemes across England, with estimates at approximately £43 billion. Members of BCPP include the Bedfordshire, Cumbria, Durham, East Riding, Lincolnshire, Northumberland, North Yorkshire, Surrey, South Yorkshire, Teesside, Tyne and Wear and Warwickshire LGPS funds.
SSgA EMEA Operations Karpik to Leave, Replaced by Cuan Coulter
Mike Karpik is leaving State Street Global Advisors (SSgA). Karpik is Head of SSgA’s operations in the Europe, the Middle East, and Africa (EMEA) region. Taking his spot is Cuan Coulter. Currently, Coulter is Chief Compliance Officer of State Street Corporation.
CPPIB Invests in £250 Million in a Subordinated Facility for intu properties plc
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