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>>
Hines, Ontario Teachers’ Buy Two Brisbane Multi-Family Projects for $242M
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>>
Ontario Teachers’ Posts 1.9% Return as Property Losses Widen
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>>
Asia Real Estate People in the News 2024-01-08
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>>
Asia Real Estate People in the News 2023-12-11
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>>
Ontario Teachers Promotes Bruce Crane to Head of Asia Pacific
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>>
Ontario Teachers’ Brings Property Investment In-House as Cadillac Fairview CEO Retires
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>>
British Columbia, Ontario Pension Funds Call China Investment Pause
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>>
Hines Inks $960M Aussie Rental Residential JV with Canada’s Cadillac Fairview
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>>
Ontario Teachers to Double Singapore Staff and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a Canadian pension fund giant eyes a major staffing increase in Singapore, where yet another condo has been relaunched for collective sale, this time at an expansive site in Serangoon Gardens.
Read More>>