Asia real estate and outbound investment news
Just three months after opening a Sydney logistics estate, Canadian giant Brookfield is selling the 12-building campus to a fund backed by the Ontario Teachers’ Pension Plan and Korea Investment Corporation for A$330 million ($210 million).
Brookfield sold Connect Central… Read More>>
Hines has made a strategic shift from developing Australian rental residential assets in favour of purchasing properties with near-term income potential, the US developer and fund manager said Tuesday, after local media suggested the company was retreating from the build-to-rent… Read More>>
US developer and fund manager Hines and the Ontario Teachers’ Pension Plan have completed their acquisition of two build-to-rent projects in Brisbane with a total of 354 units, providing exposure to a growing market for multi-family assets in Australia.
The… Read More>>
The Ontario Teachers’ Pension Plan reported a net return of 1.9 percent for 2023, as a 20 percent gain in public equities was offset by losses in infrastructure and real estate.
The Canadian fund’s net assets grew to C$247.5 billion… Read More>>
Board moves at a pair of mainland China giants lead Mingtiandi’s roundup of personnel moves this week with the country’s biggest hotel operator named a new finance boss and CITIC adding a Huarong executive to its board. Also in the… Read More>>
A new head of real estate at one of Canada’s largest pension fund managers leads Mingtiandi’s round of industry personnel moves from around the region this week as the Ontario Teachers’ Pension Plan reorganises its management. Also making the list… Read More>>
Canada’s third-largest public pension plan has chosen a new leader for its operations in Asia Pacific, with Bruce Crane taking the helm of the Ontario Teachers’ Pension Plan’s business in the region, according to an announcement this week.
Crane, who… Read More>>
The Ontario Teachers’ Pension Plan on Monday announced a restructuring of its property investment arm, Cadillac Fairview, that will see the latter’s 37-strong global real estate team come directly under the umbrella of the parent organisation.
As part of the… Read More>>
Testifying last week in front of a Canadian parliamentary committee investigating the country’s relationship with China, leaders of two of Canada’s largest public pension funds said they have paused direct mainland investments as tensions rise between Beijing and Ottawa.
Stephen… Read More>>
US developer Hines is going deeper into Asia Pacific’s build-to-rent sector through a partnership with Canadian pension manager Cadillac Fairview targeting A$1.5 billion ($960 million) worth of rental homes in Australia, according to a press release Wednesday.
The joint venture… Read More>>
