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 […]
At the best of times, selecting an optimal asset mix for a defined benefit pension plan is challenging. The times of today are downright turbulent. Last year, inflation reached 8.1 per cent in Canada as a result of a prolonged period of government stimulus spending to manage the fallout of the coronavirus pandemic. In response […]
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 […]
The Canada Pension Plan Investment Board is supporting an effort to spin off the steel-making side of an investee mining company despite previously saying it would oppose the measure. The board-backed proposal, which was approved at Teck Resources Inc.’s annual general meeting, called for the company to consider spinning off its steel-making business as a […]
The real estate arm of the Ontario Municipal Employees’ Retirement System is operating the most productive shopping centre in Canada, according to a new report from the International Council of Shopping Centers. Toronto’s Yorkdale Mall returned annual sales of US$24,000 per square metre of retail space in 2022, more than any other Canadian mall. The […]
The real estate arm of the Ontario Municipal Employees’ Retirement System is acquiring a pharmaceutical manufacturing facility in Raleigh, NC. The Oxford Properties Group is purchasing the 30,000 square-metre facility that’s located beside a five-building office and life sciences campus it owns. According to a press release, the pension fund could expand the facility to […]
The Canada Pension Plan Investment Board is selling its stake in a scandal-ridden French home care company for €26.1 million — 6.18 per cent of the value of the initial investment. The move follows a restructuring agreement that provides Orpea Groupe’s bondholders with control of the majority of its equity. As part of the terms, other […]
Despite many institutional investors pressing pause on their real estate activities in the early days of the coronavirus pandemic, those that keep calm and carry on with a focus on diversification and innovation are poised to emerge as winners. “Real estate values, like other investment vehicles, can vary at different times based on shifting demand […]
Cadillac Fairview, the real estate arm of the Ontario Teachers’ Pension Plan, is redeveloping the former home field of the Winnipeg Blue Bombers into a mixed-use space. The investment organization is partnering with Shindico Realty Inc. to transform Polo Park, which housed Canad Inns Stadium from 1953 until 2013. The site was acquired by Cadillac […]
The real estate arm of the Caisse de dépôt et placement du Québec is extending a lease to a major media organization. According to the terms of the deal between Ivanhoé Cambridge and News Corp., the media company will continue to lease six hectares of space within a Manhattan office building to Fox News, a […]