The Canada Pension Plan Investment Board is investing $1 billion in Korea-based data centres through its joint venture with the Pacific Asset Management Co.
“The demand for data centres in [the Asia-Pacific region] has been on the rise, driven by the continued need for cloud computing and the increasing global adoption of artificial intelligence,” said Max Biagosch, senior managing director and global head of real assets and head of Europe at the CPPIB, in a press release. “In South Korea, businesses continue to seek high-quality digital infrastructure to support the country’s emergence as a digital technology hub.”
Read: Caisse investing in Quebec-based energy company, CPPIB buying stake in data centre operator
The Ontario Teachers’ Pension Plan is acquiring a logistics portfolio in Paris through a joint venture with Boreal IM Ltd. The portfolio includes diversified logistics operations for retailers, an industrial manufacturer and a listed information management firm. Financial details of the transaction weren’t disclosed.
“These assets are in prime locations and benefit from attractive, long-term supply and demand dynamics,” said Jenny Hammarlund, senior managing director of real estate for Europe, the Middle East and Africa at the Ontario Teachers’, in a press release. “They also offer opportunities to create additional value through active management, strengthening our ability to deliver portfolio diversification and sustainable returns.”
Read: Ontario Teachers’ backs Indian financial software company, invests in German logistics assets
The Ontario Teachers’ and investment partner Nordic Capital have agreed to a new co-control ownership deal for Sweden-based financial advisor Max Matthiessen. The firm consults with pensions, insurance and investments. Financial details of the transaction weren’t disclosed.
“We will leverage our deep expertise in wealth management and insurance services to help the company expand into new markets and adjacent segments, invest in technology and product development, and further enhance its ambitious sustainability programme,” said Iñaki Echave, senior managing director and head of private capital for Europe, the Middle East and Africa at the Ontario Teachers’, in a press release.
In other news, the late-stage venture and growth investment arm of the Ontario Teachers’ is participating in Series E financing worth $175 million for cloud technology firm Kong Inc. The financing round pushed Kong’s total capital raised to $345 million.
The real estate arm of the Caisse de dépôt et placement du Québec has confirmed a Texas-based commercial asset is now 94 per cent leased.
The Texas Tower development has signed on Sable Offshore Corp., Moelis & Company, Sheppard, Mullin, Richter & Hampton LLP, Squarepoint Capital and two confidential tenants to new leases. In a press release, Michael Caracciolo, senior director of U.S. real estate at Ivanhoé Cambridge, said the location’s sustainability features and amenities are attracting tenants.
“Texas Tower demonstrates our commitment to the future of work by providing tenants with scalable solutions through vibrant common areas, thoughtfully furnished suites and flexible workspaces.”