real assets

QIA Seeks Buyer for Canary Wharf Office Building

The Qatar Investment Authority (QIA), through examining its large property holdings in London, is looking to sell its office building in Canary Wharf. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GIC Invests in Sheraton Grande Tokyo Bay Hotel

Singapore’s GIC Private Limited formed a joint venture with the Invincible Investment Corporation, a public hotel and residential J-REIT, to acquire the Sheraton Grande Tokyo Bay Hotel for 100 billion JPY (US$ 895,628,000). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


BNY Mellon Manhattan

BNY Mellon Sells CenterSquare Investment Management to Lovell Minnick

BNY Mellon Investment Management, a unit of BNY Mellon, has inked a definitive agreement to sell the business of real assets investment boutique CenterSquare Investment Management to its management team and the private equity firm Lovell Minnick Partners. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


HKMA Exchange Fund Permits Infrastructure Allocation

The Hong Kong Monetary Authority, through its massive Exchange Fund, plans to invest in infrastructure. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


EQT Infrastructure and Temasek Link Up to Identify Deals

Singapore’s Temasek Holdings and EQT Infrastructure, a unit of EQT Partners are teaming up capital-wise and for information sharing. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, September 16, 2017

Angola SWF Commits to Farmland Investment in Cacuso [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


ATP Buys Into Copenhagen Airports

Denmark’s Arbejdsmarkedets Tillægspension (ATP) is investing 9.76 billion DKK for a 48% stake in Kastrup Airport Parents ApS, the ultimate owner of Copenhagen Airports A/S, from Macquarie European Infrastructure Fund III, a fund managed by Macquarie Infrastructure and Real Assets (MIRA). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]


Norway SWF Sets up Regional Real Estate CIO Structure

Per Løken was named as Chief Investment Officer US for Norges Bank Real Estate Management, the real estate unit of Norges Bank Investment Management (NBIM). Romain Veber was named as Chief Investment Officer Europe for Norges Bank Real Estate Management, the real estate unit of Norges Bank Investment Management (NBIM). Løken and Veber had senior […]


SIFI

Colony NorthStar Sells Townsend Group to Aon

Colony NorthStar, Inc., a global real estate and investment management firm, signed a definitive agreement to sell The Townsend Group to Aon plc. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


APG Involved in Oslo Outlet Acquisition

VIA Outlets is acquiring a retail outlet near Oslo for 1.1 billion NOK from family-owned Glastad Holding AS and Fortus. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GIC and DLF Optimize DLF Cyber City Developers

New Delhi-based DLF Limited, one of India’s largest commercial builders, and Singapore’s GIC Private Limited formed a strategic partnership to develop a rental assets portfolio, under the consolidated portfolio of DLF Cyber City Developers Limited, a subsidiary of DLF. GIC is getting access to Indian property deal flow, while DLF is securing a line of […]


RDIF Completes Investor Deal in Russian Cancer Treatment Centers

The Russia Direct Investment Fund (RDIF) and Mubadala Investment Company, along with other Middle Eastern funds, finalized the deal to invest in the construction, launch and maintenance of oncology and radiotherapy medical centres in the cities of Balashikha and Podolsk in the Moscow region. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]


Norway SWF Expands Manhattan Property Empire

On August 18, 2017, Norges Bank Real Estate Management, the real estate unit of Norges Bank Investment Management (NBIM), acquired a 48% interest in 375 Hudson Street in New York City, in joint venture with Trinity Church Wall Street and Houston-based Hines. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe […]


CPPIB Engages in Brazilian Portfolio Exchange with Cyrela Commercial Properties

Despite political headwinds in Brazil, the Canada Pension Plan Investment Board (CPPIB) is maintaining an opportunistic posture toward Brazilian office properties, specifically the São Paulo’s prime Faria Lima office district. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CPPIB and Phoenix Hill Platform Acquire Site for Pune Retail Development

Indian developers are building out properties to the West of Pune due to growth in residential and commercial property developments. Pune is the eighth biggest city in India, with a population of 5.75 million people. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, August 14, 2017

GIC Hires Wu Choy Peng as Technology Head Singapore’s GIC Private Limited hired Wu Choy Peng as Chief Technology Officer. Previously, she was Group Chief Information Officer at Singtel. OPTrust Invests in James Evans & Associates On July 6, 2017, OPTrust made a strategic investment in James Evans & Associates Ltd, a pension administration services […]


Macquarie and PSP Investments Win Bid to Manage SA Land Registry

Land Services SA is a joint venture between Macquarie Infrastructure & Real Assets (MIRA) and the Public Sector Pension Investment Board of Canada (PSP Investments). This investing group won a bid to manage the state of South Australia’s land registry and management services for the next 40 years for A$ 1.605 billion. [ Content protected […]


SWFI First Read, August 11, 2017

NRG Energy Potential Asset Sales Draws Public Fund Capital NRG Energy Inc. is unload as much as US$ 4 billion of assets in a bid to lower debt and reduce costs. Some of the assets includes NRG Energy’s stake in NRG Yield Inc., a solar and wind farm owner and operator. Prospective suitors of these […]


Danish Pension Funds Back AP Møller African Infrastructure Fund

PensionDanmark, PKA and Lægernes Pension, in a bid to get more access to infrastructure exposure in Africa, is investing a total of US$ 550 million in an African infrastructure fund that is being managed by AP Møller Capital. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, August 8, 2017

EDBI Participates in iflix Investment Round Kuala Lumpur-based iflix Sdn. Berhad, a subscription video service like Netflix, raised US$ 133 million in funding. This round was led by Hearst. Other investors in the round include clients of DBS private bank and EDBI, the dedicated corporate investment arm of the Singapore Economic Development Board. Existing backers […]