Stable real estate fundamentals combined with attractive valuations are expected to lead to positive returns for Canadian real estate investment trusts (REITs) this year, finds a report by Timbercreek Asset Management.
The Healthcare of Ontario Pension Plan (HOOPP) and Ivanhoé Cambridge have struck a deal allowing HOOPP to acquire Ivanhoé Cambridge's remaining 50% interest in two Ontario shopping centres for about C$240 million.
Ivanhoé Cambridge, the Caisse de dépôt et placement du Québec's real estate subsidiary, and its partner Veritas Investments have purchsed 11 multiresidential properties in San Francisco for more than US$190 million.
There was significant growth in assets held by private equity, hedge fund, private debt, real estate and infrastructure fund managers in 2014.
Caisse de dépôt et placement du Québec real estate subsidiary Ivanhoé Cambridge and its partner, Callahan Capital Properties, have bought a Manhattan office tower for US$2.2 billion ($2.64 billion).
The Canada Pension Plan Investment Board and Longfor Properties Company have formed a new joint venture for a major mixed-use development project in Suzhou, located in China's Jiangsu Province.
The Canada Pension Plan Investment Board and Hermes Real Estate have announced the sale of two office properties as part of their London office joint venture.
The Canada Pension Plan Investment Board has formed a joint venture with real estate company Hudson Pacific Properties.
The private equity real estate industry continued to grow in 2014, hitting an all-time high.
Institutional investors are increasingly turning to real assets to increase investment returns and manage macro-environment risks but would rethink allocations if interest rates rose significantly, finds a BlackRock survey.