Norway’s $2 trillion sovereign wealth fund is taking a conservative approach toward data centre investments, citing heightened sector volatility, according to Alexander Knapp, the new Head of Real Estate at Norges Bank Investment Management (NBIM). “We don’t have any active plans to invest in data centres… sectors that are volatile, we’re very careful with,” Knapp...
Dutch pension fund manager APG announced plans to cut up to 1,200 jobs by 2030 — reducing its workforce by roughly one-third — as it aligns its cost structure with sweeping changes across the Netherlands’ pension industry. The restructuring will bring APG’s headcount down to around 2,500 employees by the end of the decade. APG...
Asian investors are sharply increasing allocations to Gulf bonds and syndicated loans this year, reflecting deepening economic ties with the region and growing uncertainty in the U.S. and China. Bond issuance in the Middle East & North Africa surged 20% YoY to $126B in the first nine months of the year — with full-year records...
The Asian Development Bank (ADB) has approved a $400 million policy-based loan to support the Philippines in improving its business climate and attracting more foreign investment. Although the Philippines is among Asia’s fastest-growing economies, it continues to lag behind regional peers in FDI due to bureaucratic red tape, high power costs, and weak infrastructure. ADB...
APG, one of Europe’s largest pension fund managers, announced plans to reduce up to 1,200 jobs by 2030 — cutting its workforce by roughly one-third as the organization adapts to sweeping changes in the Netherlands’ pension system. The restructuring will bring APG’s headcount down to around 2,500 employees by the end of the decade. APG...
Hong Kong developer Lai Sun Development has agreed to sell its 50% interest in a prime Central district office tower for HK$3.5 billion (US$450 million), according to a regulatory filing. The move marks one of the city’s largest commercial property transactions this year. Facing tightening liquidity, Lai Sun will receive HK$2.4 billion in net proceeds...