The real estate arm of the British Columbia Investment Management Corp. is acquiring a stake in a private company that provides financing for large-scale real estate development projects across the U.K.

According to the terms of the deal between the QuadReal Property Group and Précis Capital’s founding institutional shareholder TowerBrook, the investment organization will secure a stake in the business in exchange for £1 billion (approximately $1.63 billion) in capital commitments. With the new investment, Précis Capital expects to arrange an additional £3 billion of loans through capital structuring via syndication and leverage. As part of the deal, it will be rebranded as Précis Capital Partners.

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In other news, a packaging company backed by the Ontario Teachers’ Pension Plan is acquiring a luxury merchandise solutions company.

According to the terms of the deal, GPA Global, in which the pension fund initially invested last autumn, will acquire the Cosfibel Group, a French company that provides luxury promotional packaging, luxury gifting and merchandising solutions. The acquisition was pursued as part of a plan to grow the GPA’s presence in Europe by shortening its supply chains, according to a press release.

With its headquarters in China and the U.S., GPA provides premium packaging solutions to consumer electronics, beverage, jewelry, health and beauty companies in Europe and North America. Following the acquisition, GPA will also control manufacturing facilities in Belgium, Portugal and Spain.

According to the release, Raju Ruparelia, senior managing director of private capital for the Asia-Pacific region at Ontario Teachers’, the acquisition will help GPA develop its European customer network. “We are impressed by Cosfibel’s superior design capabilities and strong reputation in its core markets and industry segments.”

Read: Ontario Teachers’ investing in packaging firm, renewable energy platform