The Ontario Teachers’ Pension Plan is completing the acquisition of an industrial facility in Houston alongside real estate investment advisor Sagard Real Estate.
The financial details of the transaction weren’t disclosed. The deal represents the first transaction as part of a new partnership between the investment organization and the real estate firm.
“As we look to expand in the U.S. industrial sector, this investment fits well with our long-term, global strategy,” said Karl Kreppner, senior managing director, real estate at the Ontario Teachers’, in a press release. “We also believe that, with the underlying market dynamics, this asset provides long-term growth potential.”
Read: CPPIB investing in student housing, Ontario Teachers’ selling European airport assets
The British Columbia Investment Management Corp. is acquiring commercial paving maintenance services provider Pave America LLC alongside AEA Investors’ middle market private equity team.
Trivest Partners and Shoreline Equity Partners will retain a minority stake in the business, according to a press release. The terms and financial details of the transaction weren’t disclosed.
“Our investment alongside AEA reflects our shared conviction in the Company’s growth trajectory and operational leadership, which distinguish Pave America in the marketplace,” said Aaron Papps, senior managing director of private equity at the BCI, in the release. “We look forward to supporting the company’s management team as they continue executing and accelerating their proven expansion strategy.”
The Caisse de dépôt et placement du Québec is investing AU$200 million as part of an agricultural platform launch alongside CEFC, an Australian climate investor.
CEFC will also invest AU$50 million in the creation of a platform designed to generate high-quality Australian carbon credit units. Rio Tinto Group was confirmed as a foundation off-taker in the project.
“This investment is a timely step toward advancing resilient, climate-smart agriculture in Australia, while delivering measurable environmental and economic value,” said Emmanuel Jaclot, executive vice-president and head of infrastructure and sustainability at the Caisse, in a press release.
The OPSEU Pension Trust is increasing its ownership stake in the first and second phase of a Vancouver-based real estate development project owned by the Sḵwx̱wú7mesh Úxwumixw and its economic development group Nch’ḵay̓ Development Corporation to 50 per cent.
The financial details of the increased commitment by the OPTrust weren’t disclosed. The third and fourth phases of the entire project are still 100 per cent owned by the Squamish Nation.
“This is one of the largest First Nations, non-resource, economic development projects in Canadian history,” said Peter Lindley, president and chief executive officer at the OPTrust, in a press release. “We are proud to deepen our partnership with the Squamish Nation whose vision and values are highly aligned with ours.”