💰SWF – Sovereign Wealth Fund
PNB to Buy Stake from Malaysian Developers in Battersea Power Station Project.
Malaysia-based Permodalan Nasional Bhd (PNB) inked plans to acquire a stake in the Battersea Power Station from Malaysian developers Sime Darby Property and SP Setia, which between them own 80 percent of the site located on the south bank of the Thames.
CDPQ Providers Firepower for Blackstone Buyout of PIRET.
Ivanhoé Cambridge, part of CDPQ, is a co-investor in Blackstone Group’s buyout of Pure Industrial Real Estate Investment Trust (PIRET), a listed Canadian warehouse owner.
The actual Blackstone buyer is an affiliate of Blackstone Property Partners, its core real estate investment unit.
The agreement was revealed on January 9, 2018. Blackstone moved to buy the REIT) for C$ 8.10 per Unit in an all-cash transaction valued at C$ 3.8 billion including debt.
The transaction value without debt is C$2.48 billion.
https://www.swfinstitute.org/swf-news/cdpq-providers-firepower-for-blackstone-buyout-of-piret/