The Canada Pension Plan Investment Board saw a net increase of $8.9 billion in assets during the final quarter of 2017, bringing its total to $337.1 billion. “Exceptional performance across public equity markets internationally during the third quarter helped bring the CPP fund to a new high in line with our dual focus on total, as […]
The Public Sector Pension Investment Board has appointed Neil Cunningham as president and chief executive officer. Cunningham joined the Montreal-based pension fund in June 2004 as vice-president of real estate investments. He became senior vice-president and global head of real estate in 2015 and took on oversight of the natural resources team in 2016. “Neil Cunningham has been a […]
The Canada Pension Plan Investment Board is taking part in a consortium set to enter a partnership agreement with Thomson Reuters Corp. The consortium, led by the Blackstone Group and including GIC Private Ltd., will hold 55 per cent of the equity of a new corporation that will hold Thomson Reuters’ financial and risk business. Thomson Reuters […]
Ivanhoé Cambridge, the real estate investment arm of the Caisse de dépôt et placement du Québec, has announced a $60-million investment to enhance the Laurier Québec shopping mall in Quebec City. Laurier Québec holds a dominant position in the region, and we are very pleased to invest in its modernization,” said Claude Sirois, president of retail at Ivanhoé […]
Canada’s economic boom in 2017 surprised economists and supported strong labour numbers. Yet, inflation also remained dormant, “which created this Goldilocks environment and, therefore, very strong financial market returns for the year,” says Luc de la Durantaye, the head of asset allocation and currency management at CIBC Asset Management Inc. That won’t be the case […]
The Canada Pension Plan Investment Board has partnered with Britain’s Lendlease Group to launch a build-to-rent investment partnership. The partnership, which has an initial target to invest 1.5 billion pounds ($2.6 billion) in the sector, will begin with an investment of about 450 million pounds ($772 million) in the development of a new phase of homes in London’s Elephant and […]
The prices of global real estate investment trusts will likely rise in 2018, reaching returns of between eight and 10 per cent, according to a report by Timbercreek Asset Management Inc. “We hear everyday about the continued highs that equities make and continued momentum and the concerns around valuations: Can this keep going?” says Corrado Russo, senior managing director […]
The Canada Pension Plan Investment Board is forming a joint venture with real estate developer Cortland Partners and global investment firm GIC Private Ltd. to invest US$550 million in the acquisition and renovation of nearly 10,000 multifamily units in the United States. The CPPIB and GIC will each own a 45 per cent interest in the joint […]
The Canada Pension Plan Investment Board has invested a further US$1.1 billion in its U.S.-based student housing portfolio. As part of its joint venture with global investment firm GIC Private Ltd. and the Scion Group, a U.S. owner and operator of student housing communities, the pension fund has acquired 24 new assets across 20 campuses. “This is a compelling investment […]
Aon has completed its acquisition of the Townsend Group, a U.S.-based investment management and advisory service provider with a focus on real estate and real assets. “We are excited to welcome the Townsend organization into Aon and further enhance our investment solutions in areas that are of increasing importance to our clients,” said Cary Grace, chief executive officer […]