Manulife Financial's U.S. division, John Hancock, has acquired three office properties totalling US$618 million ($659.2 million) in New York, Chicago and Boston.
Industrial Alliance, Insurance and Financial Services has acquired a 50% stake in Place Québec, a building near Parliament Hill in Québec City. The amount of the transaction has not been disclosed.
Canada’s industrial sector is ripe for investment in 2014, as the logistics and distribution segment is expected to see strong demand resulting from growing international retailers and e-commerce.
The Caisse de dépôt et placement du Québec’s real estate subsidiary, Ivanhoé Cambridge, has entered into a conditional agreement with the Edmonton International Airport to develop an outlet mall.
The Canada Pension Plan Investment Board is making its first investment in India's real estate market.
Big investors power growth in commercial real estate.
The commercial real estate investment market continues to recalibrate following a summer in which interest rate movements spurred pension fund demand and spooked real estate investment trusts, according to a report.
The Canada Pension Plan Investment Board has agreed to sell three regional shopping centres in Canada for more than $500 million.
Ivanhoé Cambridge, the Caisse de dépôt et placement du Québec’s real estate subsidiary, has acquired two office buildings in Chicago's West Loop district for more than US$360 million.
The Canada Pension Plan Investment Board and its partner, Dexus Property Group, have reached a conditional offer to buy Australia's Commonwealth Property Office Fund after sweetening their bid.