Institutional Real Estate Newsline
November 23, 2009: Vol. 17, Number 45Buy For $65.00 Add to Cart
CIC Invests $1.6 Billion in Power Sector
China Investment Corp.(CIC), the Chinese sovereign wealth fund, has agreed to invest $1.58 billion in Virginia-based AES Corp., which targets the power sector, including renewable energy and emerging markets.
Cornerstone, Babson, Protego Form Real Estate Platform
Cornerstone Real Estate Advisers and Babson Capital Management will integrate Babson’s Real Estate Finance Group (REFG) into Cornerstone in the first quarter of 2010. In addition, Cornerstone is acquiring London-based Protego Real Estate Investors, Protego Real Estate Investors Finance and their subsidiaries.
Evolve Launches U.K. Property Fund
Evolve Fund Services, a London-based real estate investment firm, has launched a £50 million ($82 million) U.K. property fund.