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 […]
Speaking at the Ontario Municipal Employees’ Retirement System’s annual general meeting on Tuesday, Blake Hutcheson, its chief executive officer, discussed the OMERS’ recent annual results, as well as its long-term growth expectations. “We think that, by 2030, we’ll be worth roughly $200 billion, up from a little more than $125 billion today.” The live event, […]
The Ontario Municipal Employees’ Retirement System is appointing Ashish Goyal as executive vice-president and head of Asia-Pacific. In the new role, he’ll oversee investments across various asset classes in the Asia-Pacific region, reporting to Ralph Berg, the OMERS’ chief investment officer. He’ll continue to operate out of the pension fund’s Singapore office but will also […]
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 […]
An article on how British Columbia’s incoming pay transparency legislation could impact employers was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. How B.C.’s pay transparency legislation could impact employers 2. Report finds new diabetes, migraine treatments could impact private drug plans in 2023 3. CPPIB […]
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 […]
An article on how working mothers are struggling with work-life balance was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Majority of Canadian working moms struggling with work-life balance: survey 2. CPPIB jointly acquiring cloud-based software company, OMERS subsidiary entering debt financing agreements 3. How employers […]
After reaching a near 40-year high over the past year, headline inflation started to cool in the final months of 2022 following a series of aggressive interest rate hikes by the Bank of Canada. According to Statistics Canada, the consumer price index was up 6.3 per cent year over year in December, down from a […]
The Ontario Municipal Employees’ Retirement System is reinvesting in a U.K.-based online mental health-care company. The OMERS participated in a funding round that raised £20 million (about $33 million) for HelloSelf, which connects patients with psychologists and therapists through an online platform. In 2021, the OMERS invested £5.5 million (about $9.1 million) and served as […]
The Canada Pension Plan Investment Board is jointly acquiring an experience management software provider. The CPPIB and Silver Lake, a private equity firm, will acquire all outstanding shares in Qualtrics for US$12.5 billion. Under the terms of the agreement, existing shareholders will receive US$18.15 for each share sold. Qualtrics is known for its cloud-based subscription […]