Posted on 12/28/2022
World sovereign wealth funds slowed down direct investments in the actual property sector in 2022 versus 2021. Apparently, Singapore’s GIC Personal Restricted went on a shopping for spree for listed actual property funding trusts (REITs). This high 10 rating leaves out platform and fund investments in the actual property sector. For instance, these direct offers go away off joint ventures such because the Abu Dhabi Funding Authority (ADIA) tying up with Landmark Properties on U.S. scholar housing or ADIA’s JV with Rockpoint Group, L.L.C. on industrial U.S. properties. As well as, SWFI workers tried to peel out different consumers in some offers to get the true SWF publicity on every direct actual property sector transaction.
Direct Investments by Sovereign Wealth Funds within the Actual Property Sector
| Rank | NAME | BUYER ENTITY | SELLER ENTITY | AMOUNT (USD) | CLOSED AT |
|---|---|---|---|---|---|
| 1 | STORE Capital Company | GIC Personal Restricted | $7,000,000,000 | 9/15/2022 | |
| 2 | Summit Industrial Earnings REIT | GIC Personal Restricted, (Dream Industrial REIT) | $4,383,228,000 | 11/7/2022 | |
| 3 | Pupil Roost | GIC Personal Restricted | Brookfield Asset Administration | $2,083,009,500 | 12/23/2022 |
| 4 | Sani Ikos Group | GIC Personal Restricted | $1,500,000,000 | 9/22/2022 | |
| 5 | Southern Cross complicated, Melbourne | GIC Personal Restricted, (Constitution Corridor Group) | Blackstone Group LP and Brookfield Asset Administration | $1,499,607,900 | 4/28/2022 |
| 6 | Seibu Holdings Japan Resort and Leisure enterprise portfolio | GIC Personal Restricted | Seibu Holdings | $1,300,000,000 | 2/10/2022 |
| 7 | 58-property, Southeastern US industrial portfolio | GIC Personal Restricted | MDH Companions | $1,260,000,000 | 6/29/2022 |
| 8 | Aman Group Sarl | Public Funding Fund (Cain Worldwide) | $900,000,000 | 8/15/2022 | |
| 9 | Paddington Central belongings | GIC Personal Restricted | British Land | $890,457,520 | 4/25/2022 |
| 10 | 7 Flats, Copenhagen and Aarhus | GIC Personal Restricted | NREP AB | $748,321,000 | 6/1/2022 |
Supply: Sovereign Wealth Fund Institute (SWFI.com) (SWFI World Asset Proprietor Database).
GIC made a concerted effort in direct actual property offers concentrating on markets akin to Japan, Australia, U.S., and Europe. A notable deal to spotlight is GIC’s funding in 76 belongings of the lodge and leisure enterprise of Seibu Holdings Inc.
Different honorable mentions embrace Norway Authorities Pension Fund World buying a 50% stake in Berlin’s Sony Heart for 677 million euros. The Sony Heart is a Sony-sponsored complicated of eight buildings positioned on the Potsdamer Platz in Berlin, Germany designed by Helmut Jahn. ADIA made an funding in Mindspace Enterprise Parks REIT.
