core real estate – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 26 Apr 2024 20:02:31 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 2023 GIC coverage: Resiliency of commercial office real estate keeping remote working ‘doom loop’ at bay https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2023-gic-coverage-resiliency-of-commercial-office-real-estate-keeping-remote-working-doom-loop-at-bay/ Tue, 06 Jun 2023 11:49:29 +0000 https://www.benefitscanada.com/?p=137351 The commercial office real estate doom loop that was expected from the growth in remote working hasn’t really caught on, according to Victor Couture, assistant professor of economics at the University of British Columbia’s Vancouver School of Economics, speaking during the Canadian Investment Review‘s 2023 Global Investment Conference. Remote work is almost certainly here to stay, which is why […]

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]]> BCI investing in financial services provider, building Brisbane apartment complex https://www.benefitscanada.com/canadian-investment-review/alts/bci-investing-in-financial-services-provider-building-brisbane-apartment-complex/ Thu, 25 May 2023 16:30:05 +0000 https://www.benefitscanada.com/?p=138780 The British Columbia Investment Management Corp. is acquiring a minority stake in a corporate consultant and fund administration provider. Zedra, which provides wealth, governance and administrative services for corporations, pensions, trusts and funds, was launched in the Isle of Man in 2016. It now conducts operations in Asia, Australia, Europe, North America and South America. […]

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]]> BCI calling for increased climate disclosure at Imperial Oil, Caisse pre-leasing Chilean mixed-use development https://www.benefitscanada.com/canadian-investment-review/alts/bci-calling-for-increased-climate-disclosure-at-imperial-oil-caisse-pre-leasing-chilean-mixed-use-development/ Tue, 02 May 2023 16:30:15 +0000 https://www.benefitscanada.com/?p=137187 The British Columbia Investment Management Corp. is filing a shareholder proposal calling for Imperial Oil Ltd. to disclose more information about its climate risks. The motion calls for the Canadian petroleum company to disclose its accounting assumptions related to climate change and the energy transition. According to a press release, the BCI’s aim is for […]

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]]> Innovation, diversification in real estate sector taking institutional investors across the finish line https://www.benefitscanada.com/archives_/benefits-canada-archive/innovation-diversification-in-real-estate-sector-taking-institutional-investors-across-the-finish-line/ Fri, 17 Mar 2023 12:55:18 +0000 https://www.benefitscanada.com/?p=135115 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 […]

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]]> OMERS enters joint venture to redevelop Berlin complex, CAAT reaches deal with CIBC Mellon https://www.benefitscanada.com/canadian-investment-review/alts/omers-entering-joint-venture-to-redevelop-berlin-complex-caat-reaches-deal-with-cibc-mellon/ Thu, 26 May 2022 17:15:55 +0000 https://www.benefitscanada.com/?p=121935 The real estate arm of the Ontario Municipal Employees’ Retirement System is entering a joint venture to manage the Sony Centre in Berlin. The Oxford Properties Group, which previously held a 94.9 per cent share in the eight-building complex, is selling 44.9 per cent of its stake to the Norges Bank Investment Management, an investment […]

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]]> Ontario Teachers’ investing in unicorn tax firm, PSP consolidating Australian cereal producers https://www.benefitscanada.com/canadian-investment-review/alts/ontario-teachers-investing-in-unicorn-tax-firm-psp-consolidating-australian-cereal-producers/ Thu, 28 Apr 2022 17:30:58 +0000 https://www.benefitscanada.com/?p=120317 The Ontario Teachers’ Pension Plan is investing in a unicorn firm behind a popular European tax app. The pension fund’s private equity subsidiary Teachers’ Venture Growth served as the lead investor in a US$220 million investment round for Taxfix. As a result of the capital infusion, the Berlin-based software provider’s valuation surpassed US$1 billion. Founded […]

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]]> CPPIB, Ontario Teachers’ and PSP making global real estate investments https://www.benefitscanada.com/canadian-investment-review/alts/psp-cadillac-fairview-redeveloping-london-office-buildings-as-cppib-lays-stakes-in-indias-biggest-urban-centres/ Tue, 12 Apr 2022 16:00:08 +0000 https://www.benefitscanada.com/?p=119468 The Canada Pension Plan Investment Board is entering a joint venture to develop office space in major Indian cities. According to the terms of a deal reached with Tata Realty and Infrastructure Ltd., the joint venture seeks to developing a portfolio of yet-to-be-acquired properties with a targeted value of $800 million. The cities under consideration […]

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