The Alberta Investment Management Corp. and the Public Sector Pension Investment Board are partnering with Starlight Group Property Holdings Inc. to acquire a multi-family property in Denver for US$1.3 billion. Besides Denver, the partnership aims to acquire Class A, recently constructed, multi-family communities in the suburban markets of Atlanta; Dallas and Austin, Texas; Orlando and Tampa, […]
The real estate arm of the Ontario Municipal Employees Retirement System will acquire the Sony Center in Berlin for $1.6 billion (1.1 billion euros). In partnership with Madison International Realty, the investment marks Oxford Properties’ first foray into the Berlin market. The Sony Center is a 112,000-square-feet, mixed-used complex in Potsdamer Platz. It comprises eight […]
The Canada Pension Plan Investment Board has completed the sale of its 50% ownership interest in Constitution Square, an Ottawa office property. The property was sold to Greystone Real Estate Strategy and Canderel with net proceeds of about $240 million before closing adjustments. At June 30, 2017, the CPPIB’s real estate assets totalled $40.9 million. […]
While fads usually refer to fashion, food, music and even hairstyles, we don’t often talk about them in the context of investments. Right now, however, mortgage investments are one of the hottest asset classes. One of the first mutual funds in Canada, launched in 1974, was a fund that invested in insured housing mortgages. At the time, […]
A consortium comprising the Public Sector Pension Investment Board will soon run South Australia’s land registry and management services. Alongside Macquarie Infrastructure & Real Assets, the pension investment manager is paying the South Australian government $1.6 billion to oversee the 40-year commercialization of South Australia’s Land Services Group. “As a long-term investor, PSP Investments looks […]
Vestcor Investment Management Corp. has posted a 6.16 per cent overall investment return for the year ending Dec. 31, 2016. Formerly known as the New Brunswick Investment Management Corp., it achieved a gross rate of return of 6.53 per cent and a real return of 5.03 per cent, according to its inaugural annual report. The […]
The Caisse de dépôt et placement du Québec has acquired Gelpac Inc., a manufacturer of packaging solutions for industrial products and consumer goods. Based in Quebec, the company has been operating for more than 50 years. It provides packaging services to companies across North America, including those in the food, agriculture, construction, retail and pharmaceutical […]
The Canada Pension Plan Investment Board is acquiring a stake in an independent power generator in the United States for $949 million. The CPPIB is part of a consortium of funds advised by Energy Capital Partners. The total investment in Houston-based Calpine Corp., which owns 80 power plants and sells electricity to residential, commercial and […]
The Canada Pension Plan Investment Board has announced a $32-million investment to acquire land in Pune, one of India’s largest cities, for retail real estate development. The pension fund made the acquisition through Island Star Mall Developers Pvt. Ltd, a strategic investment platform it established with Indian retail developer the Phoenix Mills Ltd. in April. […]
Target-date funds seek to provide members of defined contribution pension plans with a straightforward experience, adjusting their asset mix in a set-it-and-forget-it option geared towards achieving acceptable retirement outcomes. But the target-date fund world is diverse. There are differing features, including active and passive underlying funds, glide paths that go to or through a retirement date, […]