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 […]
The Canada Pension Plan Investment Board is entering a joint venture focused on the hospitality sector. The new scheme, which also includes Hamilton Pyramid Europe, a subsidiary of the Pyramid Global Hospitality Group, aims to acquire operating hotels in European gateway cities and resort destinations. The investment organization has committed €475 million (about $624 million) […]
The real estate arm of the Caisse de dépôt et placement du Québec is acquiring an 11.5 hectare warehouse in Germany. The facility — located in Hamburg, near Europe’s busiest freshwater freight port — serves as a distribution centre for the H&M Group, which will continue to lease the entire facility under its new ownership, […]
The Caisse de dépôt et placement du Québec is securing a share in a holding company consolidating two European high-speed rail companies. Alongside a group of other institutional investors, the Caisse will own a 19.31 per cent share in the Eurostar Group, a holding company that will control both Eurostar Ltd and THI Factory, which […]
The Ontario Municipal Employees Retirement System is selling its maritime infrastructure subsidiary. The deal with VINCI Concessions Canada Inc. will see the OMERS hand off BPC Maritime Corp., which the pension fund has held as a wholly owned subsidiary since 2003. While the exact terms of the deal weren’t disclosed, the BPC will retain its 65.1 […]
The Canada Pension Plan Investment Board is entering a joint venture to develop office space in major Indian cities. According to the terms of a deal reached with Tata Realty and Infrastructure Ltd., the joint venture seeks to developing a portfolio of yet-to-be-acquired properties with a targeted value of $800 million. The cities under consideration […]
Ivanhoé Cambridge, the real estate arm of the Caisse de dépôt et placement du Québec, is part of a joint venture acquiring a heritage listed property in Melbourne, Australia. Alongside its partner, the Ironside Group, Ivanhoé Cambridge will create 56,000 square metres of office and retail space a building known as the Younghusband Woolstores, which […]
Right from the very beginning, the coronavirus pandemic has taken Canadian real estate investors on a wild ride. After the freefalling panic of March 2020, the sector settled into a relatively comfortable rhythm and undulated through several waves of the virus, saving one of its steeper peaks and troughs for the tail end of 2021. […]