Wealth

Norges Bank Investment Management has signed agreements to acquire a 65 percent interest in two properties: VoltAir, a newly built mixed-use property located on Voltairstrasse 8-10 in Berlin, and 86 boulevard Haussmann, an office property in central Paris.

CNP Assurances and its partner Tikehau Capital, an alternative asset management group, are launching the first private-equity unit-linked product on the energy transition theme, exclusively for CNP Patrimoine customers.

On Wednesday 07th October 2020, Société du Grand Paris successfully launched its fifth and sixth Green bond issuances under its Green EMTN programme, for a total amount of EUR 6bn split over two distinct tenors: EUR 3bn at 10-year (0% coupon) and EUR 3bn at 40-year (0.7% coupon).

The number of affluent population, including mass affluents (holding liquid assets of US$50,000–1m) and High-net-worth (HNW) population (holding liquid assets of more than US$1m), is expected to grow from 40.13 million in 2018 to 56.67 million in 2022, according to GlobalData, a leading data and analytics company.

As part of 2019 Budget, India has recently proposed to raise income tax surcharge on wealthy individuals and this is set to spur demand for offshore investments in the high-net-worth (HNW) space.