real assets

AMP Capital Struts ME Push for Infrastructure and Real Estate Business

AMP Capital named Sudhanshu Garg as institutional director of the firm’s newly-opened Dubai office. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


ABP Buys Controlling Interest in Telecom Tower Group OTC

The Rabo Bouwfunds Communication Infrastructure Fund (CIF) has sold a 75% controlling interest in Open Tower Company (OTC), a Netherland’s major independent provider of telecommunication sites, to the Dutch government pension fund Stichting Pensioenfonds ABP through its asset manager subsidiary, APG Asset Management, for an undisclosed amount. [ Content protected for Sovereign Wealth Fund Institute […]


SWFI First Read, October 19, 2017

Italy F2i Seeks Investors for Fund III Milan-based F2i is an Italian infrastructure fund company that is 14% owned by Italian state lender Cassa Depositi e Prestiti (CDP). F2i is in talks to raise a fund to reach at least 3 billion EUR in assets. This fund is called Fund III and is being advised […]


APG Lands 25% Stake in Lendlease Retirement Living Business

Dutch public institutional investor APG Asset Management N.V. has managed to outbid Singapore’s GIC Private Limited and China Investment Corporation to secure a 25% ownership in Lendlease’s A$ 1.7 billion (US$ 1.33 billion) portfolio of Australian retirement villages for a reported amount of A$ 470 million (US$ 368.7 million).[ Content protected for Sovereign Wealth Fund […]


SIFI

SoftBank Forms JV to Hold 8,000 U.S. Cellular Sites with Lendlease

Sydney-based Lendlease Group formed a joint venture with Japan-based SoftBank Group Corporation to acquire and own telecommunication infrastructure assets in the United States. The joint venture is being called Lendlease Towers. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


ADIA to Invest $1 Billion in NIIF Master Fund

According to SWFI transaction data, the Abu Dhabi Investment Authority (ADIA) is a major sovereign wealth fund institutional investor in India, in terms of flows, outcompeting many other sovereign funds in real estate and infrastructure allocations. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CPPIB Commits to Keppel Data Center Fund

Asset owners heart data centers, according to data from SWFI’s transaction database. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


PSP and AIMCo-Backed Platform Acquires Parkhouse Apartment Homes in Colorado

PSP Investments and the Alberta Investment Management Corporation (AIMCo) signed a deal with Toronto-based Starlight Investments on an investment partnership platform targeting Class A real estate in the United States. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, October 10, 2017

Mubadala Eyes Another Infrastructure Fund Mubadala Investment Company is looking at forming a second infrastructure fund that could close in the first half of 2018. Mubadala is targeting US$ 1 billion in assets and may invest that capital outside of the Gulf region. Temasek Invests in Hangzhou Tongdun Technology [ Content protected for Sovereign Wealth […]


Ilmarinen Follows Nordic RE Investor Path, Partners with New York Life

Ilmarinen Mutual Pension Insurance Company, Finland’s oldest and second largest pension insurance provider, inked a deal to a programmatic joint venture with New York Life Real Estate Investors to acquire additional office properties in major U.S. markets and expand its core real estate portfolio to some US$ 1.2 billion in assets over the next several […]


ISIF Helps Finance Dublin Cherrywood Development

The Ireland Strategic Investment Fund (ISIF) plans to commit up to €50 million for key infrastructure supporting over 4,000 new homes in south Dublin, through the Cherrywood Development Fund ICAV (acting in respect of its sub-fund HCDF Land Development 2 Fund). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]


TH Real Estate Opens RE Debt Unit in Australia

Institutional investors are taking a deeper look at debt investments in Australia and asset managers are noticing. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


NZSuper Makes First Offshore Farm Play, Sets 3% Target for Farmland Allocations

The New Zealand Superannuation Fund (NZSuper) has announced its first offshore farm investment after buying a leading stake in Australian cattle seed producer Palgrove for an undisclosed amount in a deal approved by Australia’s Foreign Investment Review Board (FIRB).[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Oxford Properties Invests in Berlin’s Sony Center for €1.1 Billion

Oxford Properties Group, the global real estate division of the Ontario Municipal Employees’ Retirement System (OMERS), entered into a joint venture with New York-based Madison International Realty to acquire the Sony Center in Berlin from South Korea’s National Pension Service (NPS) for nearly €1.1 billion (US$ 1.3 billion). [ Content protected for Sovereign Wealth Fund […]


Saudi PIF to Fund RE Development in Mecca and Medina

According to various research studies, the number of Muslims in the world is approaching 25% of the global population. Saudi Arabia’s Public Investment Fund (PIF) established two real estate development firms to cope with demand, to alleviate capacity for pilgrims at the sites of Mecca and Medina, the companies — Rou’a Al-Haram and Rou’a Al-Madinah, […]


CDPQ Helps Finance Colombian Roads with ING Capital

CDPQ Revenue Fixe Inc., a unit of Caisse de Dépôt et Placement du Québec (CDPQ), and ING Capital LLC, a subsidiary of ING Bank, are helping to finance Colombia’s Autopista Conexión Pacífico 2 highway public-private partnership. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Morgan Stanley Buys Mesa West Capital

Morgan Stanley signed an agreement to acquire Los Angeles-based Mesa West Capital LLC, a credit investment management firm. The deal adds roughly US$ 5 billion in assets under management to Morgan Stanley’s investment management business. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Could Sovereign Funds Acquire CBS’ Television City Studios in LA?

CBS Corporation, of the major broadcast networks in the United States, is seeking to boost cash and may take advantage of the demand of institutional real estate in markets such as Los Angeles. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Saudi PIF to Financially Back Jeddah Waterfront Redevelopment

Saudi Arabia’s Public Investment Fund (PIF) plans to allocate 18 billion SAR toward redeveloping Jeddah’s waterfront corniche dubbed New Jeddah Downtown. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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. ]