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OPTrust’s O’Reilly: ‘Data centers are essentially the factories of 50 years ago’

The Canadian pension and Singapore sovereign wealth fund GIC are making an $800m bet on the property type with newly-formed Mount Elbert Capital Partners.

NBIM makes debut Asia property deal

Norges Bank Real Estate Management has invested $823m for a 70% interest in a Tokyo office and retail portfolio.

‘Mega-trends’ turn APG on to retirement homes

The Dutch investor has acquired a 25% stake in Lendlease’s Retirement Living business which is valued at around A$450m.

GIC taps Indonesian market with development JV

Citing Indonesia’s long-term potential, the Singaporean sovereign wealth fund has again teamed up with Intiland Development on a Jakarta mixed-use development.

CPPIB forms new $400m Brazilian office JV

The Canadian pension plan and Brazilian real estate company have closed on a portfolio exchange transaction in which CPPIB sold its stake in an existing logistics JV.

Partners Group enters France with €170m office deal

The Swiss firm is understood to be targeting a ‘mid-teens return.’   

Anbang denies forced overseas ‘fire sale’

The Chinese insurance company has refuted claims that it has been asked by local authorities to sell its overseas assets.

Morgan Stanley eyes windfall after £1.3bn UK office sale

As the cornerstone investor in the Morgan Stanley Real Estate Special Situations Fund III, the US investment bank is expected take big profits from the fund’s stake in London’s 20 Fenchurch Street after its sale to Hong Kong food company Lee Kum Kee.

Chinese insurers continue global RE push

In the face of government sanctioned capital curbs and regulatory uncertainty Chinese insurers are deploying more money into overseas real estate than ever, according to data from Real Capital Analytics.

Domestic insurers and developers bolster China RE exposure

Local insurers and developers’ share of transaction volume has risen from around 17% between 2008-2010 to 35% in 2016 due to limited investment alternatives and slower economic growth, according to data from CBRE.

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