Does Multi-Billion Asset Transfer Signal Mission Creep for Kuwait's Social Security Fund?

25th August, 2023

The Kuwaiti government’s decision to transfer KWD2.5 billion (US$8.1 billion) of landholdings to the country’s social security fund, instead of its sovereign wealth fund, comes amid long-standing political disputes over the direction of the US$801 billion Kuwait Investment Authority (KIA), one of the world’s biggest and oldest SWFs.

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Singapore's GIC Joins Top Sovereign Investors in Brazil

18th August, 2023

Singapore’s sovereign wealth fund GIC this week struck its second significant deal in Brazil this month with a BRL1.2 billion (US$240 million) retail and logistics venture with Barzel Properties, continuing a quiet rise in investment by the SWF community in the South American nation.

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ADIA Follows GIC in Japanese Hotel Buy-Outs

19th July, 2023

The Abu Dhabi Investment Authority (ADIA) has teamed up with Singapore-based real estate investor SC Capital Partners and Goldman Sachs Asset Management to acquire a portfolio of 27 Japanese hotels from Daiwa House Industry for US$900 million.

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Real Estate Strategies Shift Towards Serving the Digital Economy and Housing Needs

10th July, 2023

State-owned investors originated nearly US$20 billion in real estate deals in the first half of 2023, excluding their commitments to funds overseen by third party asset managers.

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Tide Turns In Favor of Hospitality: State Investors Rush to the Resorts

16th June, 2023

The post-Covid revival in tourism is encouraging a tide of sovereign fund investment in hotel and leisure, with a focus on Europe and a significant shift towards large-scale resorts.

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Dutch Funds Help Diversify Australian Student Accommodation Platform into Multi-Family Venture

30th May, 2023

The Netherlands’ public pension fund managers APG and Bouwinvest have swung their weight behind an Australian build-to-rent (BTR) partnership with student accommodation leader Scape Australia founders, Stephen Gaitanos and Craig Carracher.

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GIC Pumps More Capital Into Its Indian Real Estate Portfolio

19th May, 2023

Indian real estate is a hot target for Singapore’s sovereign wealth fund GIC, which this week signed a US$1.4 billion 50:50 joint venture with Brookfield India REIT (BIRET) to two large commercial office assets in Mumbai and Gurugram – hailed by the fund as “the first-of-its-kind partnership In India between a listed REIT and a global institutional investor.”

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The Great Escape: CIC Sells London Property at a Loss

30th March, 2023

The China Investment Corporation (CIC) has sold Winchester House in the City of London – its first direct investment in the UK real estate market – at a loss, indicating it could be ditching assets amid rising geopolitical risks.

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Egypt’s SWF Launches Strategic Innovation District

29th March, 2023

The Sovereign Fund of Egypt (TSFE) is launching an innovation district in the Ministry of Interior’s former headquarters in Lazoghli in Cairo.

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PIF Boosts Saudi Home Ownership

20th March, 2023

Saudi real estate has received a US$1.5 billion boost from the Saudi Real Estate Refinance Company (SRC), the debt platform established by the Kingdom’s sovereign wealth fund in February 2018 to accelerate economic diversification.

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Home is Where the Heart Is: State Investors Turn to Residential Real Estate

10th March, 2023

State-owned investors are shifting from logistics properties that enjoyed a boom during the pandemic to residential property as they seek inflation-proof assets for long-term yield.

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Dutch Public Pension Funds Swing Behind Cooling Domestic Mortgage Market

8th March, 2023

Dutch public pension funds ABP, bpfBOUW and SPW are increasing their exposure to the domestic residential mortgage market, despite the cooling real estate market.

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