Katherine Bucaccio
The first institutional fund from the Vancouver-based real estate investment firm has closed on C$120 million in equity and has begun to invest its capital.
The $38.2 billion pension system is on the hunt for firms to manage and grow its $1.8 billion low-risk real estate portfolio.
The real estate arm of Caisse de dépôt et placement du Québec will spend $400 million to buy the 50 percent interest of its partner in the renowned Place Ville Marie.
The Los Angeles pension system has narrowed down its search to three consulting firms to handle its $673 million real estate portfolio.
The $5.8 billion pension system has committed half of its non-core real estate allocation for 2013 to Europa Capital’s latest fund.