The Public Sector Pension Investment Board is entering a joint venture to invest in life sciences facilities in the U.K.

The institutional investor and its partners, Longfellow Real Estate Partners and Norges Bank Investment Management, will invest £1.5 billion in sites located in Cambridge, Oxford and London. PSP Investments and Longfellow originally entered a similar partnership agreement last year and NBIM will become a co-investor in the previous partnership’s developments, according to a press release.

Read: PSP acquiring U.K. life sciences campus, Caisse investing in Quebec manufacturer

“This venture will allow us to invest at scale in the fast-evolving life science sector, helping creating ecosystems where corporates, universities, and start-ups are forming clusters that enable knowledge sharing and innovation,” said Stéphane Jalbert, managing director and head of Asia-Pacific and Europe real estate investments at PSP Investments, in the release.

In other news, the Ontario Teachers’ Pension Plan is investing an additional $60 million in an infrastructure trust sponsored by the National Highways Authority of India. The Ontario Teachers’ now has a 25 per cent stake in the National Highways Infra Trust fund, making it the fund’s co-lead investor, alongside the Canada Pension Plan Investment Board.

“Our continued investment in the NHIT supports the development of high-quality roads and economic growth in India,” said Bruce Crane, senior managing director of Asia-Pacific infrastructure and natural resources at the Ontario Teachers’, in a press release. “We’re delighted to further our partnership with the Government of India and build our portfolio of core infrastructure assets in the country.”

Read: CPPIB investing in Indian toll roads, Caisse investing in vertical farming