America’s Trump administration has made headlines with its taste for “alternative facts,” and now the leadership of mainland sovereign wealth fund China Investment Corporation seems ready to adopt this flexible approach to reality as it lobbies for more favorable treatment… Read More>>
CIC, GLP and Mapletree Compete for Blackstone’s $14.1B in European Warehouses
Over the last two years, US private equity giant Blackstone has already sold more than $17 billion in US properties to Asian investors. Now America’s biggest landlord is putting €13 billion ($14.1 billion) in European warehouses on the block, and… Read More>>
Airbnb Books $100M Investment From CIC for China Expansion
China Investment Corp has clicked Like on a US sharing economy powerhouse with a $100 million investment in Airbnb. The capital commitment by China’s sovereign wealth fund comes as the US room-sharing unicorn is reportedly in talks to buy out… Read More>>
CIC Chief Resigns Ahead of Party Reshuffle
The head of China’s CIC, Ding Xuedong, has stepped down from his role at the $810 billion sovereign wealth fund, according to an account in mainland business website Caixin on Friday.
Ding’s resignation comes amid a broad reshuffle of China’s… Read More>>
No Capital Controls Here! China’s CIC Set to Boost US Investments in 2017
Despite reports of capital controls and a slackening in outbound investment, the head of China’s largest sovereign wealth fund expects the guardian of China’s foreign reserves to invest more in the US in 2017 than it did in 2016.
China… Read More>>
GLP Confirms It Has Begun Negotiating Potential Sale of $8.6 Bil in Warehouses
Singapore-listed Global Logistic Properties (GLP) has confirmed that it has initiated negotiations that could lead to the sale of the company as part of a strategic review of its business. The company’s announcement comes after reports surfaced in November that… Read More>>
CIC Said Bidding for $8.6 Bil Warehouse Developer GLP
In the last few years, China Investment Corporation (CIC) has become known as one of the biggest acquirers of real estate, but now the Chinese sovereign wealth fund may be on its way to owning the world’s biggest collection of… Read More>>
CIC Said Buying A$500M Stake in Mirvac Melbourne Project and More Asia Real Estate Headlines
Asia’s real estate players opted not to take a break, even on an August weekend, with China’s sovereign wealth fund said to be closing in on an A$500 million investment into a Melbourne project, while a certain US presidential candidate’s… Read More>>
China’s CIC to Look for More Real Estate Deals After Losing Money in 2015
China Investment Corporation (CIC) recorded a loss on overseas investment in 2015, the sovereign wealth fund’s first negative net annual return since 2011. The fund entrusted with investing China’s foreign reserves now has $813 billion in total assets including a… Read More>>
China Property Loans Grow 24% in 2016 and More Asia Real Estate Headlines
Rising land costs, combined with a return in investor confidence lead to a 24 percent jump in loans to China’s property sector during the first six months of the year. Overseas, however, the mainland’s principal sovereign wealth fund suffered a… Read More>>