A large imbalance in supply and demand and a competitive environment for traditional alternative asset classes are leading institutional investors to look at more creative investment opportunities, including agriculture and farmland, renewable energy and middle-market private credit. During a panel discussion at a CFA Society event in Toronto on Wednesday, Sandra Bosela, managing director and […]
The Public Sector Pension Investment Board has acquired a 40 per cent interest in Aerostar Airport Holdings, the operator of the Luis Muñoz Marín International Airport in San Juan, Puerto Rico. The interest was acquired from funds managed by Oaktree Capital Management. Mexican airport group Grupo Aeroportuario del Sureste (ASUR), which is already a 50 […]
Ivanhoé Cambridge and its partner Callahan Capital Properties have acquired an office building in downtown Manhattan for about US$650 million, The property, 85 Broad Street, is a 1.1-million-square-foot office tower located on the full block of Broad Street between South William and Pearl streets. Standing 30 stories tall, the building carries a number of services, […]
The Alberta Investment Management Corp. is investing in Calgary-based oil and gas company Ikkuma Resources Corp. through a $45-million financing deal. According to the agreement, AIMCo will provide a second lien loan at an annual interest rate of 7.25 per cent. In turn, AIMCo can purchase up to 6,750,000 common shares of the company for 86 cents each […]
The Canada Pension Plan Investment Board has partnered with an India-based developer of industrial and logistics real estate to create IndoSpace Core. CPPIB has initially committed about US$500 million to the joint venture, which will focus on acquiring and developing modern logistics facilities in India. To start, IndoSpace Core will acquire 13 industrial and logistics […]
When Canadian Investment Review held its inaugural Global Investment Conference 20 years ago, foreign investments were something of a niche for Canadian pension plans. With the foreign property rule, investors couldn’t hold more than 20 per cent of their assets in non-Canadian investments. But jump ahead to today, and many pension funds have already made […]
The Canadian Pension Plan Investment Board and Oxford Properties Group, the real estate arm of the Ontario Municipal Employees’ Retirement System, have purchased the downtown headquarters of PortsToronto for $96 million. Each pension fund will own a 50 per cent stake. The property is located at 30 Bay St. and 60 Harbour St. and includes the […]
New report shows more institutions prefer direct deals to passive exposure.
Ivanhoé Cambridge is purchasing land in downtown Toronto as part of a two-building office development project from transit operator Metrolinx. In September 2014, the real estate subsidiary of the Caisse de dépôt et placement du Québec announced an agreement to build a new GO bus terminal on the site of 81 Bay St., the location […]
Borealis Infrastructure, the infrastructure investment manager of the Ontario Municipal Employees Retirement System, has signed an agreement to acquire a 34.6 per cent stake in a liquified natural gas company based in Chile. The remaining stakeholders in GNL Quintero S.A. include Enagás, a large builder and operator of regasification plants and pipeline systems and Empresa […]