While real estate investment trusts have become more hesitant at making acquisitions, pension funds and private equity are seizing the opportunity to purchase quality assets.
The Caisse de dépôt et placement du Québec’s real estate division, Ivanhoé Cambridge, has announced it will acquire the 50% interest in Montreal’s Place Ville Marie that it doesn’t own from AIMCo.
John Hancock, the U.S. division of Manulife Financial, has purchased an office building from Brookfield Office Properties for US$135.5 million ($142.4 million).
Coverage of the 2013 Global Investment Conference.
Manulife Financial’s real estate division plans to build a 27-storey office building in Calgary’s downtown core.
The Caisse de dépôt et placement du Québec’s real estate division, Ivanhoé Cambridge, and the CPP Investment Board have created a new Canadian regional mall joint venture.
Manulife Real Estate, the global real estate arm of Manulife Financial Corp., has begun construction on an office building in downtown Vancouver.
While we in the investment industry like to analyze market data and trends, returns over the past five years have been heavily influenced by macro events and policy errors. Some believe that macro events will shape markets and economies over the long term. Therefore, it’s worth identifying these themes so that investors can construct portfolios to take advantage of or avoid a particular theme.
Fiera Properties is launching the largest open-ended Canadian property fund in more than 20 years. The purpose of the vehicle is to provide pension funds, foundations, endowments and private investors with an open investment fund design.
The CPP Investment Board and Hermes Real Estate Investment Management, on behalf of BT Pension Scheme, have formed a real estate joint venture.