InnVest Real Estate Investment Trust and KingSett Real Estate Growth LP No. 5 have entered into an agreement with Ivanhoé Cambridge, the real estate arm of the Caisse de dépôt et placement du Québec, to acquire an 80% interest in the Fairmont Royal York Hotel in Toronto.
The Canada Pension Plan Investment Board is expanding its real estate portfolio in Brazil with additional equity commitments to logistics and retail assets totalling about $445 million.
Manulife's American division, John Hancock, has acquired an office tower in Orange County, Calif., for an undisclosed amount.
A company co-owned by the Caisse de dépôt et placement du Québec’s real estate subsidiary is making an investment in Eastern Europe.
Money will go to mixed-use urban communities.
The Caisse de dépôt et placement du Québec's real estate subsidiary, Ivanhoé Cambridge, plans to invest up to US$500 million in the development of mixed-use urban communities in Mexico.
Manulife and Ivanhoé Cambridge, the Caisse de dépôt et placement du Québec's real estate subsidiary, have entered into a co-venture agreement to develop, own and operate the 900 de Maisonneuve West office building development project in downtown Montreal.
The Caisse de dépôt et placement du Québec's real estate subsidiary, Ivanhoé Cambridge, and Metrolinx, the Province of Ontario's regional transportation agency for the Greater Toronto and Hamilton Area, plan to build an integrated office and transit development in downtown Toronto.
John Hancock, the U.S. division of Manulife Financial Corp., has acquired a Chicago office building for US$244 million.
Ivanhoé Cambridge, the real estate subsidiary of Caisse de dépôt et placement du Québec, has signed an agreement to sell 15 properties for $1.53 billion to Cominar Real Estate Investment Trust.