Ivanhoé Cambridge, the real estate investment arm of the Caisse de dépôt et placement du Québec, has announced a $60-million investment to enhance the Laurier Québec shopping mall in Quebec City. Laurier Québec holds a dominant position in the region, and we are very pleased to invest in its modernization,” said Claude Sirois, president of retail at Ivanhoé […]
Canada’s economic boom in 2017 surprised economists and supported strong labour numbers. Yet, inflation also remained dormant, “which created this Goldilocks environment and, therefore, very strong financial market returns for the year,” says Luc de la Durantaye, the head of asset allocation and currency management at CIBC Asset Management Inc. That won’t be the case […]
The Canada Pension Plan Investment Board has partnered with Britain’s Lendlease Group to launch a build-to-rent investment partnership. The partnership, which has an initial target to invest 1.5 billion pounds ($2.6 billion) in the sector, will begin with an investment of about 450 million pounds ($772 million) in the development of a new phase of homes in London’s Elephant and […]
The prices of global real estate investment trusts will likely rise in 2018, reaching returns of between eight and 10 per cent, according to a report by Timbercreek Asset Management Inc. “We hear everyday about the continued highs that equities make and continued momentum and the concerns around valuations: Can this keep going?” says Corrado Russo, senior managing director […]
The Canada Pension Plan Investment Board is forming a joint venture with real estate developer Cortland Partners and global investment firm GIC Private Ltd. to invest US$550 million in the acquisition and renovation of nearly 10,000 multifamily units in the United States. The CPPIB and GIC will each own a 45 per cent interest in the joint […]
The Canada Pension Plan Investment Board has invested a further US$1.1 billion in its U.S.-based student housing portfolio. As part of its joint venture with global investment firm GIC Private Ltd. and the Scion Group, a U.S. owner and operator of student housing communities, the pension fund has acquired 24 new assets across 20 campuses. “This is a compelling investment […]
Aon has completed its acquisition of the Townsend Group, a U.S.-based investment management and advisory service provider with a focus on real estate and real assets. “We are excited to welcome the Townsend organization into Aon and further enhance our investment solutions in areas that are of increasing importance to our clients,” said Cary Grace, chief executive officer […]
When it comes to the most popular investment stories of the year, Benefits Canada‘s biannual top money managers’ rankings were at the top of the list in 2017, with many readers also interested in the affect on pension plans of the Canadian dollar’s rise and interest rate boosts. Benefits Canada rounds up your favourite investment stories of 2017: […]
For some investors, tradition isn’t cutting it anymore. Rock-bottom interest rates are squeezing fixed-income returns, and the need to diversify through sturdy, lower-risk assets is apparent. While low volatility in equity markets is comforting, how long will it last? “We don’t know when but we’re pretty sure the equity market will correct, maybe severely,” says […]
Institutional investors should anticipate next year to be one of increasing volatility.