Bentall Kennedy has launched a new real estate investment fund, which will be available only to members of DC pension and savings plans provided by Sun Life Financial.
Sun Life Assurance Company of Canada has advanced a $140-million term mortgage to Shape Properties, developer of a new shopping centre in Abbotsford, B.C.
The Canada Pension Plan Investment Board (CPPIB) and Hermes Real Estate Investment Management Limited have purchased a London office building for £100 million ($166.6 million) from clients of Orchard Street Investment Management.
Sears Canada is selling leases to five of its stores back to the real estate divisions of the Ontario Teachers’ Pension Plan and the Caisse de dépôt et placement du Québec for $400 million.
Bond market challenges are sending pension plans large and small in search of alternative strategies
Ivanhoé Cambridge, the Caisse de dépôt et placement du Québec’s real estate subsidiary, and private equity firm TPG have teamed up to acquire PointPark Properties.
Ivanhoé Cambridge, the Caisse de dépôt et placement du Québec’s real estate subsidiary, has acquired a 51% managing member interest in a New York City office building for US$850 million ($882.4 million).
The Healthcare of Ontario Pension Plan has entered into an agreement with Verdion, a real estate investor and developer, for the funding and development of logistics parks in Europe.
Investment volume in Canada’s commercial real estate market is poised to match or exceed 2012’s record of $28 billion with pension funds likely to make acquisitions, according to a report by Avison Young.
The Canada Pension Plan Investment Board and Intu Properties have signed a joint partnership deal to acquire a Spanish shopping mall.