Global institutional investors’ assets under management rose 7.3 per cent in 2017 to US$36.2 trillion, the largest increase in five years, according to the Official Monetary and Financial Institutions Forum. The London, England, and Singapore-based independent think-tank’s report tracks 750 global public pension, sovereign funds and central banks, holding assets equivalent to 45 per cent of the […]
The Canada Pension Plan Investment Board posted a net annual return of 11.6 per cent as the end of its fiscal year on March 31, 2018. Adding $39.4 billion to its overall holdings, the fund now boasts $356.1 billion in assets under management. The increase included a $36.7-billion return after all expenses and $2.7 billion in […]
The Alberta Investment Management Corp. and its investment partner, Portus Retail Partners LLP, have acquired one of Belgium’s newest urban shopping centres. Docks Bruxsel, which opened in 2016, is the first new shopping centre in Brussels in more than 30 years, according to a press release. It includes fashion and lifestyle retailers, leisure attractions, event […]
The Public Sector Pension Investment Board has entered an agreement to purchase the Downsview industrial property owned by Bombardier Inc. in Toronto for $816 million. “This investment is a perfect fit for PSP as it supports our long-term real estate investment strategy,” said Neil Cunningham, president and chief executive officer of PSP Investments. “We have […]
Ivanhoé Cambridge’s premium outlet development at Edmonton International Airport has opened its doors to customers. A joint project with the Simon Property Group, the shopping centre can house 100 retailers and six anchor tenants. “We are thrilled to bring our premium shopping experience to the Edmonton International Airport and surrounding community,” said Claude Sirois, president of […]
The Public Sector Pension Investment Board has announced a deal in which Amazon.com Inc. will lease all of the office space in a new building in Boston’s seaport area. The deal involves PSP Investments’ partner, WS Asset Management Inc., a Massachusetts-based property developer. Amazon expects to move 2,000 employees into the 17-storey, mixed-use building in […]
The Public Sector Pension Investment Board is making a number of new investments, including acquiring a Quebec-based wind power facility and a portfolio of real estate in British Columbia and investing in a video telematics company from California. The pension fund, alongside Pattern Energy Group Inc., is acquiring Mont Sainte-Marguerite Wind, a 147.2 megawatt wind power facility outside […]
Global institutional investors are more trusting of the financial services sector than their retail counterparts, according to a new survey by the CFA Institute. The survey, which polled more than 800 institutional investors and about 3,000 retail investors, also found institutions are more trusting of every industry in which they might invest. The majority (85 per cent) of […]
The Canada Pension Plan Investment Board has completed a second round of investing in its Indian-based joint strategic investment platform with the Phoenix Mills Ltd. The $185 million round of financing brings the CPPIB’s total investment in the project to $328 million and a 49 per cent stake in the platform, which aims to develop, own and […]
Ivanhoé Cambridge, the real estate investment arm of the Caisse de dépôt et placement du Québec, has appointed Karim Habra as head of Europe, effective July 2, 2018. In the role, Habra will be responsible for Ivanhoé Cambridge’s European platform and will be based in Paris. Previously, Habra served in a number of positions at LaSalle […]