Alaska Permanent Fund Corp. unveils slew of real estate investments

The $76 billion Alaska Permanent Fund Corp. (APFC) has unveiled a series of real estate investment actions for the quarter ending March 31.

The sovereign wealth fund acquired the freehold interest in The Glades Shopping Centre in Bromley, England, for €22 million ($24 million). The shopping center has a total of 135 stores trading from a combined floorspace of 464,000 square feet.

APFC also committed $66 million in equity to a joint venture with The Allen Morris Company to develop Stella at Star Metals, a 20-story mixed-use tower in Atlanta, and $100 million in equity to APFC’s third development with Greystar at 10th & Cherokee in Denver.

APFC announced that earlier in the year, it purchased the CenterPoint Life Science Campus in Waltham, Mass., for $578 million. An affiliate of the private equity giant TPG Inc. sold the asset in what was one of the largest commercial property transactions in Greater Boston during the past year.

In addition, APFC