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 […]
Cadillac Fairview Corp. Ltd. has upped its stake in Toronto’s Ritz-Carlton hotel to 100 per cent ownership of the property. One of the original developers of the Toronto property, which opened in 2011, Cadillac Fairview has purchased the interest of the Simcoe Wellington Hotel Limited Partnership in order to take full ownership. “As one of […]
The Caisse de dépôt et placement du Québec is joining the Quebec government and Investissement Québec in financing a distribution facility for retailer La Maison Simons. The Caisse’s investment totals $27 million, with $17 million coming from Investissement Québec. In addition, the Quebec government is lending Simons $81 million, $51 million of which is for the purchase of automated […]
OMFIF reveals the 2017 trend toward alternatives and sustainable investing.
Global institutional investors’ assets under management rose 7.3 per cent in 2017 to US$36.2 trillion, the largest increase in five years, according to the Official Monetary and Financial Institutions Forum. The London, England, and Singapore-based independent think-tank’s report tracks 750 global public pension, sovereign funds and central banks, holding assets equivalent to 45 per cent of the […]
The Canada Pension Plan Investment Board posted a net annual return of 11.6 per cent as the end of its fiscal year on March 31, 2018. Adding $39.4 billion to its overall holdings, the fund now boasts $356.1 billion in assets under management. The increase included a $36.7-billion return after all expenses and $2.7 billion in […]
The Alberta Investment Management Corp. and its investment partner, Portus Retail Partners LLP, have acquired one of Belgium’s newest urban shopping centres. Docks Bruxsel, which opened in 2016, is the first new shopping centre in Brussels in more than 30 years, according to a press release. It includes fashion and lifestyle retailers, leisure attractions, event […]
The Public Sector Pension Investment Board has entered an agreement to purchase the Downsview industrial property owned by Bombardier Inc. in Toronto for $816 million. “This investment is a perfect fit for PSP as it supports our long-term real estate investment strategy,” said Neil Cunningham, president and chief executive officer of PSP Investments. “We have […]
Ivanhoé Cambridge’s premium outlet development at Edmonton International Airport has opened its doors to customers. A joint project with the Simon Property Group, the shopping centre can house 100 retailers and six anchor tenants. “We are thrilled to bring our premium shopping experience to the Edmonton International Airport and surrounding community,” said Claude Sirois, president of […]