II3 FtzbanneradSubscribe4

Real Estate Investments Help CIC Jump To 6.2% Return In 2016

Xuedong Ding, C|IC's chairman during an interview. Xuedong Ding, C|IC's chairman during an interview. Photo: Getty

real college essay prompts essays adventures of sherlock holmes cloning essay topics cause and effect ideas for an essay tips writing persuasive essay group experience essays essay watching too much tv


CIC said its profits rose to $75.3 billion last year from $73.9 billion in 2015, while it earned $83 billion in investment income, up from $76.7 billion the previous year. The fund attributes its most successful year since 2013 to a global equities rally that has boosted returns for other sovereign wealth funds from Japan to Singapore, as well as portfolio adjustments that have seen CIC increase its share of alternative assets.


In its report, CIC pointed out that for 2016, the fund had “created a multi-tiered structure of managers” for its real estate investment operations, aiming to improve its returns from the sector as it revamped its investment model.


The fund’s managers also stated that with regard to its real estate approach for 2016, “Believing in investing in the best, we invested in several high quality and resilient core assets in major real estate markets in the world that could generate stable long-term returns.”


CIC committed $5 billion to real estate projects worldwide last year, accounting for a 2.65 percent share of its overseas portfolio. Among its biggest deals, last December the firm spent $1.03 billion to take a 45 percent stake in a building in New York’s Rockefeller Center, buying the interest from CPPIB. That Manhattan mega-deal followed CIC’s first major foray into US real estate in May, when it purchased a 49 percent stake in the 1 New York Plaza office tower from Brookfield Property Partners for $700 million.





By Courtesy of Mingtiandi

back to top

Core Links

China Offshore

Invest In

Contact Us

Rooms 05-15, 13A/F, South Tower,
World Finance Centre, Harbour City,
17 Canton Road, Tsim Sha Tsui
Kowloon Hong Kong