The Ontario Teachers’ Pension Plan’s U.K. real estate partner has signed Imperial College London as a tenant at its White City Place development.
The academic institution will occupy a 47,650 square-foot space for a new professional services hub in London. The financial details of the transaction weren’t disclosed.
“Imperial’s decision to become a tenant in the MediaWorks building at White City Place . . . helps further enhance [its] status as the No. 1 location of choice for innovative, forward-thinking companies in the life sciences, biotech and education sectors,” said Jenny Hammarlund, senior managing director and head of Europe real estate at the Ontario Teachers’, in a press release.
In other news, the Caisse de dépôt et placement du Québec is re-investing $378 million in Saputo Inc. With the new investment, the Caisse’s stake in the Montreal-based dairy processor firm increases to nearly 4.5 per cent. It first invested in Saputo in 1997, according to a press release.
“We’ve been a shareholder of the company for nearly 30 years and this investment aligns with our strategy to foster the emergence of North American and international champions while generating benefits for Quebec,” said Kim Thomassin, executive vice-president and head of Quebec at the Caisse, in the release.
Read: Caisse, Agropur establish joint investment platform for dairy industry