The University Pension Plan Ontario is creating a joint venture with Schroders Capital to invest in high-quality logistics and industrial real estate across northwestern Europe.
The new partnership will have a shared focus on long-term value creation and embedding material environmental, social and governance considerations into asset management, according to a press release.
“The partnership supports our strategy to build a resilient, income-generating real estate portfolio by partnering with leading real estate specialists and focusing on markets with strong fundamentals,” said Peter Martin Larsen, senior managing director and head of private markets at the UPP, in the release.
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The Caisse de dépôt et placement du Québec is selling 11 per cent of its owned shares in Cogeco Communications at a gross price of $67.45 per share.
The transaction is expected to generate gross proceeds of nearly $229 million and is part of a periodic portfolio rebalancing exercise. Following the sale, the Caisse will remain the largest holder of subordinate shares in the firm.
The investment organization has supported Cogeco since 2013 and believes in its potential, said Kim Thomassin, executive vice-president and head of Québec at the Caisse, in a press release. “The funds generated will be redeployed in Québec companies to support and accelerate their growth.”
Read: Caisse invests in Quebec-based telecommunications firm, AIMCo backs Asian green energy fund