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SWFI First Read, May 19, 2016

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Qatar Airways Increases Stake in British Airways Parent Company

Qatar Airways increased its stake in International Consolidated Airlines Group SA, the parent company of British Airways, to 15.01%. Qatar Airways in 2015 became the largest shareholder in International Consolidated Airlines Group. Under European Union regulations, foreign investors are limited to holding no more than 49% ownership of a European carrier.

CBRE Group Buys Large Stake in Malaysian Real Estate Services Firm

CBRE Group, Inc. entered into a transaction to buy a 49% stake in C H Williams Talhar & Wong Sdn Bhd, WTW Real Estate Sdn Bhd and WTW Property Services Sdn Bhd. The business will be rebrand as CBRE | WTW. The deal is expected to close during the second quarter of 2016.

Mapletree Buys Reading Property from Oxford Properties

Singapore-based Mapletree Investments has acquired office properties in Reading, United Kingdom, called Green Park from Oxford Properties Group, a unit of OMERS, for approximately £560 million. In November 2011, Oxford Properties Group bought the property from Prudential Property Investment Managers (PRUPIM) for £400 million. The final advisor for Oxford Properties Group was Eastdil Secured.

Japan’s Health and Welfare Ministry Names Two Professors to GPIF Advisory Committee

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PSP Investments and Blue Sky Alternative Investments End Strategic Partnership Agreement

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Blue Sky Alternative Investments Limited informed Canada’s Public Sector Pension Investment Board (PSP Investments) that it agreed to terminate its strategic agreement effective March 31, 2019. In December 2017, Blue Sky Alternative Investments forged an agreement with PSP Investments to assist in committing capital in a number of agricultural investments.

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Yield-Hungry Korean Insurance Capital Backs TSX Broadway

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Mirae Asset Daewoo Co., Ltd., the Seoul-based investment banking firm, has provided a US$ 375 million loan for a redevelopment in New York’s Times Square. It joins L & L Holding Company, Maefield Development, and Fortress Investment Group who are bringing the development known as TSX Broadway to life. The building is at 1568 Broadway in Manhattan. TSX Broadway, a US$ 2.5 billion project when all equity financing is added in, will allow for renovations and expansion of the 46-storey building. An LED screen, which is not an uncommon sight in the Big Apple, will wrap around the corner of the tower. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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OFFICIALS: Saudi Crown Prince Denies Interest in Acquiring Manchester United

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The Saudi Arabian government dispelled rumors that Saudi Crown Prince Mohammed bin Salman will acquire football club Manchester United. However, Saudi Arabia’s Public Investment Fund (PIF) had talks regarding sponsorship with the football club. Manchester United signed a partnership deal with Saudi Arabia’s General Sports Authority in 2017.

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