Ivanhoé Cambridge and its partner Callahan Capital Properties have acquired an office building in downtown Manhattan for about US$650 million, The property, 85 Broad Street, is a 1.1-million-square-foot office tower located on the full block of Broad Street between South William and Pearl streets. Standing 30 stories tall, the building carries a number of services, […]
The Canada Pension Plan Investment Board has partnered with an India-based developer of industrial and logistics real estate to create IndoSpace Core. CPPIB has initially committed about US$500 million to the joint venture, which will focus on acquiring and developing modern logistics facilities in India. To start, IndoSpace Core will acquire 13 industrial and logistics […]
The Public Sector Pension Investment Board has launched a European hub focused predominantly on private equity, private debt, infrastructure and real estate. The London, England-based office, which has 28 professionals, is part of an effort aimed at strategic, industry-specialized investments across Europe, according to a news release. Read: PSP Investments’ assets generated 1% return in […]
The Caisse de dépôt et placement du Québec is emphasizing global investments even as it noted the impact of political uncertainty in its newly released annual report for 2016. Read: Caisse focuses on ‘all-terrain portfolio’ as return drops to 7.6% “The year 2016 was anything but boring. After years of growth fuelled by low interest […]
Ivanhoé Cambridge is purchasing land in downtown Toronto as part of a two-building office development project from transit operator Metrolinx. In September 2014, the real estate subsidiary of the Caisse de dépôt et placement du Québec announced an agreement to build a new GO bus terminal on the site of 81 Bay St., the location […]
The Canada Pension Plan Investment Board is joining up with mall developer Phoenix Mills Ltd. to develop, own and operate retail properties in India. Read: What should institutional investors expect from real estate in 2017? The partners will develop the projects through the Island Star Mall Developers Pvt. Ltd. platform, a subsidiary of the Phoenix Mills. Island Star owns […]
A joint venture that includes the Canada Pension Plan Investment Board has acquired three student housing portfolios across the United States for more than $2.1 billion. Along with Singapore’s GIC Private Ltd. and student housing company the Scion Group, the CPPIB is investing in six properties located in the southern United States for $518 million and […]
Ivanhoé Cambridge, the real estate arm of Caisse de dépôt et placement du Québec, is selling the company that owns Xanadú shopping centre in Madrid, Spain, as well as management companies associated with the centre and SnowZone operating company. The buyer is Intu Properties, which owns shopping centres in Britain and Spain, and is for […]
The Canada Pension Plan Investment Board is investing alongside Ivanhoé Cambridge with real estate logistics specialist LOGOS to develop and acquire modern logistics facilities in Singapore and Indonesia. In Singapore, CPPIB will initially commit S$200 million for an approximate 48 per cent stake in LOGOS Singapore Logistics Venture, which will be seeded by two fully-leased […]
The Ontario Pension Board and its partner Cadillac Fairview are set to begin construction of a new 32-storey office tower at 16 York St. in Toronto. The building, comprising 879,000 square feet of first-class office space, three underground parking levels with nearly 300 parking stalls and ground level retail space, is slated to open June […]