The Canada Pension Plan Investment Board’s subsidiary, the CPP Investment Board Europe, is forming a partnership to develop logistics facilities across Europe. GLP Continental Europe Development Partners I, a partnership between the pension fund, Canadian real estate firm QuadReal Property Group and global logistics firm GLP CDP I, will develop logistics facilities in Belgium, France, Germany, Italy, the Netherlands […]
Increasing exposure to less liquid, alternative assets like infrastructure, real estate and private equity hasn’t created difficulty for Canadian pensions in repaying creditors, according to a report by Moody’s Corp. As pension portfolios have increased their allocations to alternatives, with these assets now making up close to 40 per cent of Canadian plan’s investments, concerns around liquidity […]
The Public Sector Pension Investment Board, alongside global real estate developer Tishman Speyer Properties, is selling Parisian office building Tour Pacific to Société Générale Insurance Group. After taking on the 53,000 square metre office building in 2013, the two investors renovated and refurbished it, adding 30 tenants. The building features a office spaces, a conference centre, fitness space and […]
The Caisse de dépôt et placement du Quebec’s real estate investment arm, together with Prologis Inc., is launching a joint real estate venture in Brazil. The Prologis Brazil logistics venture will aim to develop and operate Brazilian logistics spaces in São Paulo and Rio de Janeiro, acquiring an initial portfolio of 641,030 square metres of operating properties along with more […]
Ivanhoé Cambridge, the real estate subsidiary of the Caisse de dépôt et placement du Québec, has acquired an office building in Nanterre, France. The building, called HUB 247, is currently under construction with an expected completion date in early 2020. The project is located in Nanterre’s Cœur Université district and is being developed by Bouygues […]
Factoring environmental, social and governance considerations into investment decisions is good risk management, according to one pension plan sponsor. “Definitely for real assets, we see it presenting risks, but also opportunities,” said Donna Mathieu, chief executive officer of NAV Canada Corp.’s pension plan, while speaking on a panel at the Canadian Pension and Benefits Institute’s 2018 […]
As the investment landscape gets more complicated, defined contribution pension plan members’ investment options need to keep up, said Chhad Aul at the 2018 Defined Contribution Investment Forum in Toronto in September. Portfolio managers are currently operating in a unique environment, said Aul, portfolio manager at Sun Life Global Investments. This includes the easing off of many central banks’ […]
The Caisse de dépôt et placement du Québec’s real estate investment arm, Ivanhoé Cambridge, along with CapRock Partners, is announcing the start of construction for a Californian development in which it has invested US$450 million. The first phase logistics complex, Colony Commerce Center in Ontario, Calif., will be made up of two industrial buildings and will feature truck courts, loading docks […]
Technology and new products are driving growth in real estate
Ivanhoé Cambridge, the real estate investment arm of the Caisse de dépôt et placement du Québec, is teaming up with Round Hill Capital to buy residential properties in Berlin. The first purchase in the joint venture, which looks to grow a portfolio of residential assets with an initial focus on the Berlin metropolitan area, totals 362 units […]