Cadillac Fairview, the real estate subsidiary of Ontario Teachers' Pension Plan, has agreed to buy two properties from Hudson's Bay Company for $650 million.
KKR has completed the fundraising for KKR Real Estate Partners Americas, a real estate fund that invests in North America and western Europe.
Bentall Kennedy has purchased three regional shopping malls from the Canada Pension Plan Investment Board on behalf of its Prime Canadian Property Fund.
Manulife Financial's U.S. division, John Hancock, has acquired three office properties totalling US$618 million ($659.2 million) in New York, Chicago and Boston.
Industrial Alliance, Insurance and Financial Services has acquired a 50% stake in Place Québec, a building near Parliament Hill in Québec City. The amount of the transaction has not been disclosed.
Canada’s industrial sector is ripe for investment in 2014, as the logistics and distribution segment is expected to see strong demand resulting from growing international retailers and e-commerce.
The Caisse de dépôt et placement du Québec’s real estate subsidiary, Ivanhoé Cambridge, has entered into a conditional agreement with the Edmonton International Airport to develop an outlet mall.
The Canada Pension Plan Investment Board is making its first investment in India's real estate market.
Big investors power growth in commercial real estate.
The commercial real estate investment market continues to recalibrate following a summer in which interest rate movements spurred pension fund demand and spooked real estate investment trusts, according to a report.