Canada has a real estate “supply and demand crisis” that is likely to get worse in the coming years with ineffectual government intervention and central bank policies and not-in-my-backyard movements stymying development, said Aaron Pittman, senior vice-president and head of Canadian institutional investments at Equiton, during the Canadian Investment Review’s 2023 Defined Benefit Investment Forum […]
The Ontario Municipal Employees’ Retirement System is considering the sale of LifeLabs Inc., according to a report by The Globe and Mail. A spokesperson for the infrastructure arm of the OMERS said the investment organization has held preliminary negotiation talks with “multiple potential buyers” but is currently not in any late-stage discussions. The report said […]
The Ontario Teachers’ Pension Plan is co-sponsoring a new India-based infrastructure investment trust holding assets in the renewable energy space. The new fund raised US$165 million as part of an initial units offer and made its debut on the National Stock Exchange of India Ltd. this week. “This milestone not only reinforces our commitment to invest […]
Some institutional investors are telling private equity managers they’ll only commit to upcoming fund raises if their capital tied up in old funds is released, according to reporting by Bloomberg. Additional requests range from fee discounts and more co-investment opportunities to greater information rights and representation on committees, said the report, noting some are even […]
In today’s complex market, real estate investments continue to provide opportunities for institutional investors due to the simplicity of the risk spectrum, particularly when comparing equity and debt, said Marc Weidner, managing director and head of global real estate at Franklin Templeton, during the Canadian Investment Review‘s 2023 Investment Innovation Conference in November. “We think the case […]
After two years of underperformance, global real estate investment trusts are expected to outperform in 2024 due to a decline of supply and resilient corporate valuations, according to a new report from Hazelview Investments. It found global REITs saw a turnaround rally of 18.9 per cent over the last two months of 2023, leading the […]
A story about the B.C. Lottery Corp.’s new inclusive holiday program was the most-read story on BenefitsCanada.com this week. Here are the top five human resources, benefits, pension and investment stories of the past week. 1. BCLC allowing employees to swap statutory holidays for personal, cultural days of significance 2. My Take: Obesity should be treated like […]
It’s poised to be another challenging year for office real estate investment trusts, but some money managers say there could be decent entry points in the sector for long-term investors. “We are in a ‘darkest before dawn’ scenario heading into 2024 for office REITs — there is no denying they are cheap . . . […]
Nearly two-thirds (63 per cent) of institutional investors believe the emphasis of energy stocks over decarbonization goals is the biggest detractor of the progress surrounding environmental, social and governance investment metrics, according to a survey from Amundi Asset Management. The survey, which polled 158 institutional investors that collectively manage €1.91 trillion in assets, found respondents […]
The Caisse de dépôt et placement du Québec is investing $12 million to facilitate the acquisition of Vancouver-based CWA Engineers Inc. by engineering consulting firm Norda Stelo Inc. The acquisition is expected to be completed in the next six months and the Caisse’s investment will “help drive [Norda Stelo’s] activities to its next stage of growth,” […]