Oxford Properties Group, the real estate division of OMERS, is developing a new office tower in downtown Toronto that will be the home of TMX Group.
The CPP Investment Board and Oxford Properties Group, the real estate division of OMERS, will each expand their retail joint venture by buying half of a mall that the other partner owns.
Broadening the investment options available to American DC plans to include real assets, emerging market equities and debt, and liquid alternatives could improve returns while also reducing volatility and providing inflation protection.
Ivanhoé Cambridge, the real estate subsidiary of the Caisse de dépôt et placement du Québec, has sold an office building in Paris to Tishman Speyer.
Ivanhoé Cambridge, the real estate subsidiary of the Caisse de dépôt et placement du Québec, has purchased the Wells Fargo Center in Seattle’s financial district for US$390 million.
OMERS unit Oxford Properties has established a joint venture with the Crown Estate, which manages the Queen’s real estate holdings, to purchase a 50% stake in a £320-million commercial development in Central London.
Real estate has generated double-digit returns over the past 15 years. Yet, according to the Pension Investment Association of Canada 2011 asset mix survey, larger Canadian institutional investors, on average, allocate less than 10% of total assets to real estate, while most medium- to smaller-size investors have no allocation.
MGPA based in Asia-Pacific and Europe
BlackRock has reached an agreement to acquire MGPA, an independently managed private equity real estate investment advisory company in Asia-Pacific and Europe.
LaSalle Investment Management has launched a new Canadian real estate fund for institutional investors.