Joint venture will see PSP grow its London portfolio
The Public Sector Pension Investment Board has entered into a joint venture to grow its student accommodation portfolio in London, England. The agreement, with global rental housing company Greystar Real Estate Partners and global real estate investment and asset manager Allianz Real Estate, aims to double the size of the portfolio in five years. Specifically, Allianz is acquiring […]
Experts share views on real estate opportunities in Canada vs. the U.S.
The Canada Pension Plan Investment Board is allocating $175 million to aquire a 20 per cent stake in a partnership intending to invest in logistics and industrial assets in São Paulo and Rio de Janeiro. Totalling $880 million, the newly formed Goodman Brazil Logistics Partnership includes investments from global investment manager APG Asset Management, Australian superannuation fund First State […]
Globally, more than 70 per cent of public institutional investors have increased their allocations to real assets over the past three years, according to a new survey by the Official Monetary and Financial Institutions Forum and the Bank of New York Mellon Corp. The survey, which interviewed public pension and sovereign funds with almost $4.6 trillion in […]
Cadillac Fairview Corp. Ltd. has announced the construction of a new 46-storey office tower on Front Street West in Toronto that will house its owner, the Ontario Teachers’ Pension Plan, as the inaugural tenant. As a result, Ontario Teachers’ will relocate its head office from North York. “Toronto is a vibrant and international city, and […]
At the end of its 2018 fiscal year, the Public Sector Pension Investment Board posted a net return of 9.8 per cent, representing $13.5 billion in income. While the result wasn’t as hefty as last year’s 12.8 per cent, the fund beat its benchmark portfolio return of 8.7 per cent. The increase in assets marks […]
There’s plenty of room to grow in Canadian farmland, according to Kevin Fahey, director of investments at the Colleges of Applied Arts and Technology pension plan. The United States and emerging markets offer opportunities as well, but farmland in Canada is cheaper than it is south of the border at the moment, he notes. As for emerging markets, while […]
The British Columbia Investment Management Corp. and Australian institutional funds manager IFM Investors are entering into an agreement with the Ontario Teachers’ Pension Plan to become equity partners in a Vancouver-based container terminal operator. Ontario Teachers’ will continue to hold 37.5 per cent of GCT Global Container Terminals Inc., with IFM acquiring 37.5 per cent and […]
While the integration of environmental, social and governance factors is becoming more prevalent in discussions about institutional investing, there’s more work to do when it comes to alternative investments. “Private equity is all about value creation,” said Martha Tredgett, Canadian representative for LGT Capital Partners Ltd., during an event hosted by the Canadian chapter of […]