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.
Manulife Asset Management Private Markets has entered into an arrangement with Allianz to co-invest up to $1 billion in U.S. real estate.
Ivanhoé Cambridge, the Caisse de dépôt et placement du Québec’s real estate subsidiary, has sold the Fairmont Hotel in Washington, D.C., to MetLife for US$180 million ($207.8 million).
The Public Sector Pension Investment Board and Crestpoint Real Estate Investments, which is part of the Connor, Clark & Lunn Financial Group, have formed a joint venture to buy industrial properties for $731 million.
The real estate subsidiary of the Caisse de dépôt et placement du Québec, Ivanhoé Cambridge, and its partner, Callahan Capital Properties, have bought two office Seattle office properties for about US$280 million ($316.3 million).
The Canada Pension Plan Investment Board and Goodman Group have increased their equity allocation to their Goodman China Logistics Holding joint venture by US$500 million.
The Ontario Teachers' Pension Plan has sold its minority stake in five regional malls to Macerich, a U.S.-based real estate investment trust, in a US$1.89-billion deal.
The Canada Pension Plan Investment Board (CPPIB) and Hermes Real Estate have formed a new U.K. regional joint venture.
The real estate subsidiary of the Caisse de dépôt et placement du Québec, Ivanhoé Cambridge, has purchased an approximate 40% interest in a portfolio of properties located in downtown Denver from the Canada Pension Plan Investment Board for more than US$200 million ($225.9 million).