Vestcor Investment Management Corp. has posted a 6.16 per cent overall investment return for the year ending Dec. 31, 2016. Formerly known as the New Brunswick Investment Management Corp., it achieved a gross rate of return of 6.53 per cent and a real return of 5.03 per cent, according to its inaugural annual report. The […]
The Canada Pension Plan Investment Board is investing in office properties in Brazil through a deal that includes a new $500-million joint venture. On Wednesday, the CPPIB announced it had acquired a 33 per cent stake in the office portfolio of Cyrela Commercial Properties. In turn, Cyrela has acquired the CPPIB’s 50 per cent equity stake […]
Good deals are hard to find - so you need to look closer.
The Canada Pension Plan Investment Board has announced a $32-million investment to acquire land in Pune, one of India’s largest cities, for retail real estate development. The pension fund made the acquisition through Island Star Mall Developers Pvt. Ltd, a strategic investment platform it established with Indian retail developer the Phoenix Mills Ltd. in April. […]
La Caisse de dépôt et placement du Québec has posted a return of five per cent for the first half of 2017 and a five-year annualized return of 10.6 per cent. The return, which is for the six months ended June 30, 2017, represents an improvement from the same period last year when the Caisse […]
After seeing some progress in recent months, defined benefit pension plans in Ontario saw a drop in solvency levels during the second quarter. According to the Financial Services Commission of Ontario, the median solvency ratio was 89 per cent as of June 30. That was down from 93 per cent on March 31, 2017. Only […]
Top managers see global alternative assets rise to $5 trillion: survey
The Canada Pension Plan Investment Board has agreed to buy a 50 per cent equity stake in a British business park for $329.6 million from Hermes Investment Management. Milton Park, which is located in Britain’s Thames Valley, provides space for established science and technology companies, as well as spin-off organizations from the University of Oxford. […]
Ivanhoé Cambridge has acquired an industrial real estate provider from global private investment firm TPG Real Estate. Evergreen Industrial Properties owns and manages about 150 light industrial assets across 18 cities in the United States. It offers industrial and commercial tenants with infill locations where they can store goods, machinery and equipment for distribution, e-commerce […]
The Canada Pension Plan Investment Board is acquiring Houston-based real estate investment trust Parkway Inc. for $1.6 billion. The CPPIB will own 100 per cent of the company at $30 per share. “Parkway fits well with CPPIB’s long-term real estate strategy to hold stable, high-quality assets in large U.S. markets,” said Hilary Spann, managing director […]