Sovereign wealth fund China Investment Corporation (CIC) returned to profitability in 2016 after a dismal showing the previous year, as the mainland’s leading investor in overseas real estate ramps up its exposure to property and other alternative assets. The world’s… Read More>>
CIC, China Life Join TIAA in $1.1B US Parking Deal
China’s sovereign wealth fund and its largest insurer are backing a consortium of investors to buy the biggest parking operator in North America in a deal estimated to top $1 billion, the companies revealed last week.
A unit of China… Read More>>
Blackstone Confirms $13.8B Sale of European Logistics Platform to CIC
Ending days of speculation and months of negotiations, Blackstone Group on Friday confirmed an agreement to sell its Logicor European logistics platform to China Investment Corporation (CIC) for €12.25 billion ($13.82 billion).
The sale by a set of funds controlled… Read More>>
CIC Said Buying Logicor From Blackstone for $13.4B
China Investment Corporation (CIC) is poised to acquire Blackstone’s European logistics platform for over 12 billion euros ($13.4 billion), UK property news website The Estates Gazette reported on Monday.
The mainland sovereign wealth fund has reportedly moved ahead of rivals… Read More>>
China’s CIC Says It’s Ready to Start Investing in the US – Again!
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>>
GLP Fields Offers for $8.9 Bil in Warehouses
Formal offers have been made for logistics developer Global Logistic Properties, with the Singapore-based firm announcing that two of its top leaders are among the parties bidding for the $8.9 billion warehouse builder, according to an announcement by the company… 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>>