The Alberta Investment Management Corp. has acquired HSBC Bank Place and Enbridge Place in Edmonton, Alta. The investment adds more than 550,000 square feet of downtown office space to the pension fund’s clients’ real estate portfolios. The properties are centrally located in the city’s financial core. “For almost all of us at AIMCo, Edmonton is […]
The Canada Pension Plan Investment Board is acquiring a 24.5 per cent interest in an office tower and plaza in Houston, Texas for about $185 million. The properties are part of an office portfolio that comprises 11 office buildings totalling about 4.9 million square feet in office space. The portfolio’s owner, Parkway Inc. will continue […]
Last year was another significant one for the real estate market as British Columbia introduced its tax on foreign buyers and the federal government made another set of changes to mortgage rules. The market remained relatively strong despite the changes, but with the landscape for real estate in flux, many institutional investors are fine-tuning their […]
With many funds considering co-investments for real estate deals, Canadian pension plans have been particularly eager to embrace the option. Globally, 19 per cent of public pension funds and 15 per cent of private plans make co-investments, according to a report published last year by London, England-based data and intelligence company Preqin Ltd. Those numbers […]
BlackRock survey shows big decrease in cash, equity holdings.
Global Risk Institute looks at what's in store for 2017.
Low returns, volatility also pushing investors into domestic fixed income, cash
Canada’s economic conditions gradually improved in the second half of 2015 as the country climbed out of a technical recession. But as the economic tailwinds linger, what’s the prognosis for the real estate market in 2016 and what options do institutional investors need to consider this year? “We feel that income will be the focus […]
What are real assets for when it comes to portfolio construction?
Plan sponsors need to get beyond the home bias in the real estate portfolios.