The Abu Dhabi Investment Authority (ADIA) has named Tom Arnold as global head of real estate, succeeding Bill Schwab, according to reports. Arnold currently serves as deputy global head and head of Americas real estate at the sovereign wealth fund… Read More>>
Singapore’s GIC Leads $800M US Data Centre Deal
A group of investors led by Singapore’s sovereign wealth fund GIC is betting $800 million that the US will need more storage space for an exponentially growing universe of data.
GIC has teamed up with Denver-based investment firm Mount Elbert… Read More>>
Blackstone Said Buying Maui Resort From Singapore’s GIC for $1.1B
Singapore’s GIC is said to be selling a Waldorf Astoria-branded resort in Hawaii to Blackstone Group for $1.1 billion, marking the second-biggest sale of a single hotel in US history.
The sovereign wealth fund has reportedly reached an agreement with… Read More>>
ADIA Veteran Peter Kim Joins QuadReal as Asia MD
Vancouver-based QuadReal Property Group has named a new top executive in Asia, as the global real estate investment firm that manages C$24.5 billion ($19.3 billion) of Canadian public funds continues to build up its leadership team.
QuadReal has hired Peter… Read More>>
Korea Investment Corp Opens Singapore Office
Korea Investment Corporation (KIC) has opened an office in Singapore, as the $122 billion sovereign wealth fund continues to expand its alternative investments beyond its east Asian home base.
KIC will manage assets locally through the Singapore office, while building… Read More>>
Real Estate Investments Help CIC Jump to 6.2% Return in 2016
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>>
GIC Bets on a Bigger Swamp with $1.1 Bil DC Office Deal
Donald Trump may have promised to “drain the swamp” in Washington, but the number crunchers at Singapore’s sovereign wealth fund are willing to make a $1 billion bet that there will be more lobbying business and strategic advisors crowding around… 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>>
China’s CIC Buys CPPIB Stake in Rockefeller Center Tower for $1.03B
China Investment Corporation (CIC) has forked out $1.03 billion to purchase a 45 percent stake in a building in New York’s iconic Rockefeller Center, a deal which makes the Chinese sovereign wealth fund one of the biggest buyers of Manhattan… Read More>>
