The Caisse de dépôt et placement du Québec’s real estate division, Ivanhoé Cambridge, and the CPP Investment Board have created a new Canadian regional mall joint venture.
Manulife Real Estate, the global real estate arm of Manulife Financial Corp., has begun construction on an office building in downtown Vancouver.
While we in the investment industry like to analyze market data and trends, returns over the past five years have been heavily influenced by macro events and policy errors. Some believe that macro events will shape markets and economies over the long term. Therefore, it’s worth identifying these themes so that investors can construct portfolios to take advantage of or avoid a particular theme.
Fiera Properties is launching the largest open-ended Canadian property fund in more than 20 years. The purpose of the vehicle is to provide pension funds, foundations, endowments and private investors with an open investment fund design.
The CPP Investment Board and Hermes Real Estate Investment Management, on behalf of BT Pension Scheme, have formed a real estate joint venture.
The CPP Investment Board (CPPIB) has raised its equity allocation to Goodman China Logistics Holding (GCLH) by US$400 million.
The global pension fund assets held by the 100 largest asset managers dealing with pension funds rose by 8% in 2012 from the year before, hitting US$1.3 trillion, according to a Towers Watson Global Alternatives Survey.
The Canada Pension Plan Investment Board has acquired the building where it’s headquartered and the property next door for $220 million from the Ontario Pension Board.
Ivanhoé Cambridge, the real estate division of the Caisse de dépôt et placement du Québec, has sold another office building in Paris.
Sears Canada is selling the leases for two of its stores at shopping centres co-owned by AIMCo and Oxford Properties Group, the real estate division of OMERS, for $191 million.