OMERS unit Oxford Properties has established a joint venture with the Crown Estate, which manages the Queen’s real estate holdings, to purchase a 50% stake in a £320-million commercial development in Central London.
Real estate has generated double-digit returns over the past 15 years. Yet, according to the Pension Investment Association of Canada 2011 asset mix survey, larger Canadian institutional investors, on average, allocate less than 10% of total assets to real estate, while most medium- to smaller-size investors have no allocation.
MGPA based in Asia-Pacific and Europe
BlackRock has reached an agreement to acquire MGPA, an independently managed private equity real estate investment advisory company in Asia-Pacific and Europe.
LaSalle Investment Management has launched a new Canadian real estate fund for institutional investors.
Global equity, real estate drive returns.
Despite some heightened volatility in the fourth quarter of 2012, Canadian pension plans were buoyed by global equity and real estate returns, according to data from RBC Investor Services. Within the $410-billion RBC Investor & Treasury Services All Plan Universe—the industry’s most comprehensive universe of Canadian pension plans—Canadian DB plans listed in RBC’s All Plan […]
Malcolm Hamilton shares his concerns around alternative investments.
In today’s macro environment fraught with confusing cross-currents, real estate has continued to show investors its flexibility and mettle. In particular, mezzanine debt, global real estate investment trusts (REITs) and build-to-core strategies hold great potential.
Commercial property thrives as residential market slows.