Cadillac Fairview, the real estate arm of the Ontario Teachers’ Pension Plan, is redeveloping the former home field of the Winnipeg Blue Bombers into a mixed-use space. The investment organization is partnering with Shindico Realty Inc. to transform Polo Park, which housed Canad Inns Stadium from 1953 until 2013. The site was acquired by Cadillac […]
The real estate arm of the Caisse de dépôt et placement du Québec is extending a lease to a major media organization. According to the terms of the deal between Ivanhoé Cambridge and News Corp., the media company will continue to lease six hectares of space within a Manhattan office building to Fox News, a […]
Institutional investors must recognize the risks and opportunities presented by climate change and national efforts to mitigate it, says Jaakko Kooroshy, head of sustainable investment research at FTSE Russell. “Climate-related physical and transition risk threats to the global economy are real,” says Kooroshy, who leads a team that recently published a paper on the carbon reduction […]
Canada’s defined benefit pension plans aren’t taking full advantage of regenerative agriculture practices, says Shidan Gouran, founder and chairman of Bluesphere Carbon, a New York-based carbon credit marketplace. “Agriculture is a good way of sequestering carbon, though it can be a very bad way, too. . . . Any pension fund that owns a lot […]
A joint venture involving the Canada Pension Plan Investment Board is investing in a hotel in Rome. The acquisition of the W Rome is part of a joint venture between the CPPIB and Hamilton Pyramid Europe, a subsidiary of the Pyramid Global Hospitality Group. The luxury hotel, which will continue to operate under the W […]
QuadReal Property Group, the real estate investment arm of the British Columbia Investment Management Corp., is unveiling an updated strategic pathway to decarbonize its portfolio by 2050. “Sustainability has always been a key component of QuadReal’s investment and management strategies and is becoming more and more of a precondition for the long-term financial feasibility of […]
The Investment Management Corp. of Ontario is investing US$450 million in a digital infrastructure provider. DataBank Ltd. operates a portfolio of 74 data centres in France, the U.K. and the U.S. Its facilities are used by commercial clients across a range of sectors. According to a press release, the investment is part of a strategy to […]
The Alberta Investment Management Corp. is opening a new Calgary satellite office as part of a strategy to better capture investment opportunities within its home province. “Our decision to establish a formal presence in Calgary provides AIMCo a truly pan-Alberta footprint from which to further drive efficiencies in Alberta-based investment opportunities, enabling us to continue […]
A Barbadian company is acquiring the life insurance business of a company in which the Canada Pension Plan Investment Board has a majority stake. According to the terms of the deal, Sagicor Financial Co. Ltd. will acquire Ivari, a subsidiary of Wilton Re Ltd., for US$325 million. The CPPIB has held a majority stake in […]
Ivanhoé Cambridge, the real estate arm of the Caisse de dépôt et placement du Québec, is announcing the results of a pilot project incorporating a new energy-saving technology at two malls within its portfolio. Developed by Turntide Technologies, a company in which the Caisse invests, the proprietary technology reduces the energy use of older electrical […]