As the world’s largest sovereign wealth funds benefit from rising energy prices and growing economies, many are expected to increase their allocation to the real estate asset class. A report from German real estate investment firm Degi predicts allocations will rise to 15 percent over the next few years, from an average of four to 11 percent.
2 min read · 22 January 2013
Ex-AIG hotels head Keith Lindsay has joined Central Eastern European developer and asset manager Orco to run its hospitality division.
6 min read · 22 January 2013
Respondents to a recent survey also said sovereign funds’ long-term strategy makes them more appealing than other LPs.
2 min read · 22 January 2013
Asda, the British supermarket chain owned by Wal-Mart, is set to sell industrial property developer Gazeley for more than £300m in a bid to focus on its core business.
1 min read · 22 January 2013
The Kuwait Investment Authority has acquired the Willis Building from British Land, taking advantage of the “quieter market conditions” to buy the tower at discount.
1 min read · 22 January 2013
Although investment guidelines have not yet been set, people familiar with Brazil’s proposed sovereign wealth fund say it may favor ‘politically-related’ investment mandates over the alternative investment allocations embraced by peers.
2 min read · 22 January 2013
The firm’s global regulatory affairs head, David Marchick, warned a Senate committee today against unnecessary investment protectionism, using Carlyle’s stake sales to CalPERS and Abu Dhabi as examples of government-affiliated investments that bolster US companies.
2 min read · 22 January 2013
Filings indicate that Apollo Real Estate will remain an independent entity as Apollo Global Management prepares to list shares.
3 min read · 22 January 2013
The China Securities Regulatory Commission has taken steps to give the country’s securities firms access to the private equity market, as China continues to formalise its regulation of domestic private equity.
2 min read · 22 January 2013
The three countries unveil a voluntary set of principles warning against the creation of protectionist barriers but also for greater transparency among sovereign wealth funds
2 min read · 22 January 2013
