Canadian real estate – Benefits Canada.com

Canadian pension funds seeking diversification in real estate at home, abroad: experts

bmcgovern — Tue, 09 Apr 2024 13:00:34 +0000

Significant headwinds in the commercial real estate sector have impacted the number of transactions seen in 2023, leading institutional investors to pursue diversification at home and abroad. The totals for acquisition dispositions of office assets in 2023 were “extremely low” compared to the previous year, says Lewis Gascoigne, an investment consulting principal at Eckler Ltd., […]

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CPPIB, Oxford Properties sell two Vancouver office buildings, OMERS closes €750 million term notes offering

bmcgovern — Tue, 06 Feb 2024 16:00:35 +0000

The Canada Pension Plan Investment Board and Oxford Properties Group Inc., the real estate arm of the Ontario Municipal Employees’ Retirement System, are selling two downtown office towers in Vancouver for about $300 million, according to reporting by Bloomberg. The investment organizations will sell the buildings, located at 402 Dunsmuir St. and 401 West Georgia […]

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Office REITs suffer another tough year in 2023, but opportunities may still arise for long-term investors

bmcgovern — Thu, 04 Jan 2024 20:00:56 +0000

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 . . . […]

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Oxford Properties acquiring Banff hotel; OMERS, CPPIB funding Indian infrastructure acquisitions

Gideon Scanlon — Tue, 20 Jun 2023 16:30:58 +0000

The Ontario Municipal Employees’ Retirement System’s real estate arm is jointly acquiring a hotel in Banff National Park, Alta., alongside Accor, a French hospitality business. Oxford Properties Group and its partner will acquire the Rimrock Resort Hotel, a 333-room hotel in the Bow Valley. It’s the first hotel the real estate investor has acquired since […]

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HOOPP recognizes Canadian property managers for climate leadership

Gideon Scanlon — Tue, 06 Jun 2023 16:00:31 +0000

The Healthcare of Ontario Pension Plan is recognizing the property managers of nine Canadian buildings among the winners of its Leadership in Environmental Advancement Program awards. The LEAP awards, which were launched in 2011, recognize property managers of buildings in the pension organization’s property portfolio for efforts related to energy conservation and greenhouse gas emission […]

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Understanding the role of adaptive reuse in real estate investing

Gideon Scanlon — Thu, 25 May 2023 16:30:42 +0000

In recent years, adaptive reuse strategies — which transform an existing structure to allow it to serve a new purpose — have become popular in the real estate portfolios of Canada’s largest public sector defined benefit pension plans. Indeed, repurposing old buildings can provide stronger returns to institutional investors than ground-up developments, but only in […]

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AIMCo acquiring stake in Calgary-based geothermal energy subsidiary

Gideon Scanlon — Tue, 23 May 2023 16:30:44 +0000

The Alberta Investment Management Corp. will receive a majority stake in a wholly owned subsidiary of an oil and gas development and production company in order to settle its debts. Razor Energy Corp., a petroleum producer headquartered in Calgary, has reached an agreement with the investment organization that will eliminate $63.2 million of secured debt […]

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Ontario Teachers’ investing in telecom network, launching mixed use development in Montreal

Gideon Scanlon — Tue, 09 May 2023 16:30:50 +0000

The Ontario Teachers’ Pension Plan is investing in a wireless communications infrastructure company. Diamond Communications, which specializes in developing wireless network facilities to enhance internet and cellular services in remote regions, owns and manages a network of 300,000 wireless infrastructure sites in Canada and the U.S. It also owns 4,000 sites rented by internet service […]

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AIMCo revealing details of ESG integration process: report

Gideon Scanlon — Thu, 06 Apr 2023 16:30:55 +0000

The Alberta Investment Management Corp. is revealing details of how environmental, social and governance factors are used alongside traditional financial analysis in its investment strategy. According to its first standalone report on ESG integration, the AIMCo first screens potential investments against exclusion guidelines set forth by each of its clients, a group that includes nine […]

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OPTrust posts 2.2% net losses in 2022, remains fully funded

Gideon Scanlon — Tue, 14 Mar 2023 17:00:11 +0000

The OPSEU Pension Trust finished 2022 with net assets of $24.642 billion, down 2.2 per cent from the previous year, according to its latest annual results. “The most important thing is the funded status, which is at 100 per cent,” says Peter Lindley, president and chief executive officer of the OPTrust. “I think it’s quite […]

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