Germany

Deutsche Bundesbank Brings Back Gold Ahead of Schedule

Deutsche Bundesbank, the central bank of Germany, has completed bringing back a significant portion of its gold reserves abroad from locations such as London, Paris and New York – back to Frankfurt. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


ECB debt

ECB Staff Pensions Award Mandates to SSgA and UBS

The European Central Bank (ECB), on behalf of its pension funds, awarded two mandates in total to UBS Asset Management (UBS Asset Management (Deutschland) GmbH) and State Street Global Advisors (State Street Global Advisors GmbH). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


tibbles

SWFI First Read, July 21, 2017

GIC Puts Bluewater Shopping Centre Stake for Sale Singapore’s GIC Private Limited has put its stake in the Bluewater Shopping Centre on the market. GIC has a 17.5% ownership stake in the Kent property. GIC is asking for more than £400 million. GIC hired Knight Frank to manage the sales process. The main owner of […]


Norway Sovereign Fund Buys Axel Springer Berlin Office Development

On July 14, 2017, Norges Bank Real Estate Management acquired a 100% interest in the new building Axel-Springer-Neubau, which is currently under construction in Berlin. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


New PGGM-Rockspring JV to Seek Value-Add Offices in Berlin

A renewed Berlin is attracting a wealth of technology companies and real estate investors are paying attention, feeding the demand for modern office spaces. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GPIF Announces Progress on Major Securities Litigation Cases

Japan’s Government Pension Investment Fund (GPIF) has announced a list of companies that they are involved in securities litigation. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Hapag-Lloyd and United Arab Shipping Company Merger is Finalized

The merger between Hapag-Lloyd AG and United Arab Shipping Company (UASC) has finalized. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Hamilton Lane Eyes Europe to Grow Business

Bala Cynwyd, Pennsylvania-based Hamilton Lane recently had its initial public offering (IPO) earlier in 2017. Armed with more cash, the private equity / alternatives firm is betting on Europe to grow sales. Pension funds in Europe are increasingly allocating to low-cost beta products, while awarding mandates to private equity funds. In 2016, Hamilton Lane had […]


Mumtalakat Invests in German Air Ambulance and Special Missions Flight Company

Bahrain’s Mumtalakat Holding acquired a notable minority interest in Axtmann Aviation Holding GmbH. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, May 3, 2017

BVK Buys a Retail Center in Atlanta Suburb On behalf of Bayerische Versorgungskammer (BVK), CBRE Global Investors and Universal-Investment, have acquired the North Point MarketCenter in Alpharetta. Alpharetta is a suburb of Atlanta, Georgia, for roughly US$ 109 million. CBRE Global Investors plans to make improvements to the property. The seller was PGIM Real Estate. […]


Deutsche Bank M&A Executive Tom Cooper Exits

Since 2008, Deutsche Bank has struggled to get its investment banking division to where it used to be, losing to peers when it comes to generating substantial investment banking fees. Without fees and a shaky capital position, Deutsche Bank bled out high-profile bankers in the past two years. Deutsche Bank’s co-chairman of global mergers and […]


German Pension RVK Acquires Berlin Property

Rheinische Versorgungskassen (RVK), a German pension fund founded in 1888 whose members include civil servants in the region, acquired a central Berlin mixed-use property called Quartier am Auswärtigen Amt. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


london

BVK and VKB Join Investor Group to Acquire the Olympia London Exhibition Centre

Versorgunskammer (BVK) and Versicherungskammer Bayern Group (VKB), which has €48.5 billion in assets, are part of an investor group buying the 130-year-old Olympia London Exhibition Centre for a gross cash consideration of £296 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, April 6, 2017

Citigroup Hires Shawn Borisoff as MD on Global Asset Managers Team Citigroup hired Shawn Borisoff to be a managing director on its global asset managers team which covers Europe, Middle East and Africa (EMEA) private equity deals. Borisoff will remain in London for the role and report to Anthony Diamandakis and Christian Anderson, executives at […]


NCB Capital Awards Fidelity Shariah-Compliant Real Estate Mandate

Middle East and Asian investors are cherry picking real estate investing in the core euro-zone region, seeking income-producing properties. NCB Capital, the investment banking division of Saudi Arabia-based National Commercial Bank, awarded a real estate mandate. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


NSSF

OTPP and OMERS Back Smart Meters in the UK

The Ontario Teachers’ Pension Plan (OTPP), Borealis Infrastructure (part of the Ontario Municipal Employees’ Retirement System), and U.K.-based SSE plc are backing the formation of two new companies that will target the U.K. energy utility market. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, March 23, 2017

Amazon to Acquire Souq E-commerce giant Amazon has agreed to acquire Dubai-based Souq.com from its shareholders. Rumors say the sales price was roughly US$ 650 million. This transaction enables Amazon to expand retail e-commerce control in the Middle East. Institutional backers of Souq include Standard Chartered Private Equity, Singapore’s GIC Private Limited, Naspers, Baillie Gifford, […]


BVK Invests in Retail Properties in Spanish Urban Areas Through Hines Account

Bayerische Versorgungskammer (BVK) has committed €190 million to acquire two prime high street retail assets with associated office space in Madrid (located on Calle Preciados – Maestro Victoria) and Barcelona (located on Paseo de Gracia 17). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Qatar Royal Family Plans to Participate in Deutsche Bank Capital Raise

Deutsche Bank AG plans to raise €8 billion (US$ 8.6 billion) from an equity capital increase, according to its website. The German mega lender plans to strengthen its balance sheet by issuing 687.5 million new shares at €11.65 per share. This would be a 35% discount compared to the close on March 17, 2017. The […]


SWFI First Read, March 16, 2017

Elo, AP1 and Trevian Asset Management Form Finnish RE Joint Venture Elo Mutual Pension Insurance Company, Första AP-fonden (AP1) and Trevian Asset Management Oy have agreed to establish a €400 million joint venture company which invests in the Finnish property market. The venture will target mostly city center retail and office properties in major Finnish […]