QuadReal Property Group, the real estate investment arm of the British Columbia Investment Management Corp., is launching a green bond framework. The framework is for financing sustainable investment projects through BCI QuadReal Realty, which is the primary issuing entity of unsecured notes for the BCI’s real estate program Under the framework, net green bond proceeds […]
Institutional investors are grappling with the long-term implications of how the coronavirus pandemic will affect demand for various real estate sectors. Many real estate assets will remain under pressure even as establishments across sectors are once again able to welcome customers, says Jeff Olin, president and chief executive officer at Vision Capital Corp., noting that […]
The Public Sector Pension Investment Board saw a negative 0.6 per cent return for its last fiscal year, which ended March 31, 2020. Severe market declines in the lead up to the end of March took a heavy toll. However, the fund did outperform its reference portfolio’s benchmark, which posted a negative 2.2 per cent […]
Canada’s 11 largest pension funds should be able to maintain their current credit ratings through ongoing market turmoil, according to Fitch Ratings Inc. Nevertheless, return expectations are under significant pressure from the economic fallout of the coronavirus pandemic, said the ratings agency in a new report. “Fund performance will depend on asset mix, which is largely […]
The Public Sector Pension Investment Board posted a negative 0.6 per cent net return for the fiscal year, which ended March 31, 2020. Severe market declines in the lead up to the end of March took a heavy toll. However, the fund did outperform its reference portfolio, which saw a negative 2.2 per cent return. […]
The Public Sector Pension Investment Board is establishing a long-term strategic partnership with property and infrastructure firm Lendlease Corp. to develop an urban regeneration project in Milan. The Milano Santa Giulia mixed-use project has the long-term potential for up to 2,500 homes, alongside commercial office, retail and entertainment properties. It has also set a zero-carbon target and will […]
Before physical distancing, pension plan sponsors typically held in-person meetings and site visits when allocating to new investment managers. “I like to look people in the eye when they’re telling me what they’re going to do,” says Blair Richards, chief executive officer of the Halifax Port ILA/HEA Pension Plan. “It’s very old school and it’s […]
The Canada Pension Plan Investment Board is building on its partnership with Lendlease Corp. with a further £85 million 50/50 co-investment in the U.K. residential real estate sector. The investment will go toward the building of 123 new build-to-rent homes in south London’s Elephant Park neighbourhood. It marks the second investment the organizations made together this year, […]
The Canada Pension Plan Investment Board and the Public Sector Pension Investment Board are participating in the initial round of financing for Seattle-based Sana Biotechnology Inc. With the help of other investors, the initial financing comes to more than US$700 million. The financing is aimed at helping the company bolster its core platforms — gene delivery, immunology, […]
Along with the rest of the globe, Canada isn’t likely to see the V-shaped recovery that institutional investors were hoping for as it stares down the recessionary road ahead. “Canadian activity was also on the softening path even at the end of last year,” says Irene Lauro, an economist at Schroders. “And this is because […]