The Public Sector Pension Investment Board, together with its investment partner Tishman Speyer Properties, is selling a mixed-use property in the west end of London. The building, Verde SW1, was sold to Deka Immobilien, a global real estate investment manager, for an undisclosed sum. It comprises 318,000 square feet for leasing, more than 10 floors of office space, […]
The Ontario Municipal Employees Retirement System is acquiring California-based medical management company Paradigm Outcomes. The existing majority owner, Summit Partners, will continue to be a shareholder. Paradigm, which provides medical management to the workers’ compensation industry in the United States, is OMERS’ latest health-care investment. The pension fund has also invested in Premise Health, Forefront Dermatology, […]
The Canada Pension Plan Investment Board is making an additional investment in the Goodman China Logistics Partnership, bringing its total equity commitment to US$5 billion. The partnership, established in 2009 with multi-national property firm the Goodman Group, set out with the purpose of developing logistics properties in key gateway cities in mainland China. Since inception, the portfolio has grown […]
The Ontario Teachers’ Pension Plan posted a net return of 3.2 per cent for the first half of 2018, adding $4.4 billion to the plan as of June 30, 2018. Speaking on a conference call on the mid-year result, Ron Mock, president and chief executive officer at the OTPP, called the first six months of […]
The Caisse de dépôt et placement du Québec’s real estate arm is acquiring two parcels of land in Ontario, California. Ivanhoé Cambridge intends to develop the land, at a cost of more than $587 million, into Colony Commerce Center, which will consist of 11 industrial buildings, about 280,000 square metres of leasable space. Read: CPPIB […]
The Ontario Municipal Employees Retirement System’s infrastructure arm is taking on a 50 per cent stake in the BridgeTex Pipeline Co. for $1.438 billion. With the purchase, OMERS will be the largest shareholder of the company, which owns the BridgeTex pipeline and transports crude oil from Colorado City, Texas to refineries in Houston. “OMERS’ investment in BridgeTex is consistent with […]
It's not just about corporate lending.
RBC Global Asset Management Inc. has appointed Michael Kitt as head of real estate equity investments at RBC Global Asset Management. Kitt will be leading efforts in developing Canadian real estate pooled solutions, initially as an offering for the domestic institutional investor market, with the aim of expanding both vehicle type and targeted client groups over time. The appointment is RBC GAM’s […]
The Canada Pension Plan Investment Board is partnering with a subsidiary of ESR, a pan-Asian logistics real estate platform, to invest about $653 million in Korean logistics facilities. Within the investment vehicle, which will focus on building a portfolio of premier facilities in strategic areas, Seoul-based Kendall Square Asset Management will identify new assets for acquisition. In a news release, […]
Real estate is more than a passing trend for global institutional investors, as evidenced by the growing number of allocations to the asset class of US$1 billion or more. The number of investors joining the billion-dollar club grew from 442 in 2017 to 499 this year, according to a new survey by data and intelligence company Preqin Ltd. Public […]