The Canada Pension Plan Investment Board has agreed to buy a 50 per cent equity stake in a British business park for $329.6 million from Hermes Investment Management. Milton Park, which is located in Britain’s Thames Valley, provides space for established science and technology companies, as well as spin-off organizations from the University of Oxford. […]
Ivanhoé Cambridge has acquired an industrial real estate provider from global private investment firm TPG Real Estate. Evergreen Industrial Properties owns and manages about 150 light industrial assets across 18 cities in the United States. It offers industrial and commercial tenants with infill locations where they can store goods, machinery and equipment for distribution, e-commerce […]
The Canada Pension Plan Investment Board is acquiring Houston-based real estate investment trust Parkway Inc. for $1.6 billion. The CPPIB will own 100 per cent of the company at $30 per share. “Parkway fits well with CPPIB’s long-term real estate strategy to hold stable, high-quality assets in large U.S. markets,” said Hilary Spann, managing director […]
Like many institutional investors, sovereign players continue to face a challenging return environment, underperforming their targets by an average of two per cent over the past year, according to Invesco Ltd.’s fifth annual global sovereign asset management study. The underperformance is partially attributable to low economic growth, which has also posed problems on the funding side. As […]
A large imbalance in supply and demand and a competitive environment for traditional alternative asset classes are leading institutional investors to look at more creative investment opportunities, including agriculture and farmland, renewable energy and middle-market private credit. During a panel discussion at a CFA Society event in Toronto on Wednesday, Sandra Bosela, managing director and […]
Ivanhoé Cambridge and its partner Callahan Capital Properties have acquired an office building in downtown Manhattan for about US$650 million, The property, 85 Broad Street, is a 1.1-million-square-foot office tower located on the full block of Broad Street between South William and Pearl streets. Standing 30 stories tall, the building carries a number of services, […]
The Canada Pension Plan Investment Board has partnered with an India-based developer of industrial and logistics real estate to create IndoSpace Core. CPPIB has initially committed about US$500 million to the joint venture, which will focus on acquiring and developing modern logistics facilities in India. To start, IndoSpace Core will acquire 13 industrial and logistics […]
The Public Sector Pension Investment Board has launched a European hub focused predominantly on private equity, private debt, infrastructure and real estate. The London, England-based office, which has 28 professionals, is part of an effort aimed at strategic, industry-specialized investments across Europe, according to a news release. Read: PSP Investments’ assets generated 1% return in […]
The Caisse de dépôt et placement du Québec is emphasizing global investments even as it noted the impact of political uncertainty in its newly released annual report for 2016. Read: Caisse focuses on ‘all-terrain portfolio’ as return drops to 7.6% “The year 2016 was anything but boring. After years of growth fuelled by low interest […]
Ivanhoé Cambridge is purchasing land in downtown Toronto as part of a two-building office development project from transit operator Metrolinx. In September 2014, the real estate subsidiary of the Caisse de dépôt et placement du Québec announced an agreement to build a new GO bus terminal on the site of 81 Bay St., the location […]