Jonathan Brasse
The $30bn super is understood to be interested in selling a collection of real estate fund stakes. Partners Group and Landmark are said to be among the bidders.
Investors in the $265m Indochina Land Holdings II fund have opted to sell their positions at a significant discount to a Gaw Capital-sponsored special purpose vehicle after the fund was timed out.
CBRE’s Global Investors division has bought into the Tour Adria office tower in Paris’ La Defense, which was acquired last year for €450m by a consortium of French and Asian insurers.
Partners Group has built up a stake in BlackRock Asia Fund III, which has provoked criticism for its heavy weighting to Asia Square, a twin tower office development in Singapore.
In hauling almost $2bn for the Partners Group Real Estate Secondary 2013 fund, the Zug, Switzerland-based firm has raised a record amount of capital for real estate secondaries.
Partners has acquired 4m square feet of property in Finland and Sweden by buying out the investors of Niam’s 2004-vintage Nordic Fund III.
Aberdeen head of secondaries Andrew McCaffery said investors are becoming more active in managing their indirect property portfolios.