Stay updated with breaking news from Verena garofalo. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Bridge Industrial and PSP Investments Form Joint Venture for UK Logistics Investment Joint venture to assemble portfolio of urban infill last-mile industrial facilities in Greater London and the UK Bridge Industrial ( Bridge ) and the Public Sector Pension Investment Board ( PSP Investments ) today announced the establishment of a joint venture to acquire and develop logistics properties in the United Kingdom, targeting a portfolio value of £1 billion ($1.4 billion USD). The venture has a build-to-core focus, including the acquisition and development of last-mile logistics assets within high-barrier infill submarkets in Greater London and the Midlands region. Bridge will oversee development and the implementation of value-add measures to create state-of-the-art, purpose-built infill industrial assets. The venture will target market-leading sustainability credentials. ....
| Updated February 24, 2021 TORONTO The Crown corporation that controls pensions for Canadian public service workers, Canadian Armed Forces soldiers and RCMP officers invested millions of dollars last year in American companies that operate private prisons and immigrant detention centres. PSP Investments, which invests pensions for federal government employees, owns shares worth US$2.7 million in The GEO Group and about US$2 million in CoreCivic, according to a quarterly report filed with the U.S. Securities and Exchange Commission (SEC) Feb. 12. AP via CP This Aug. 16, 2018 file photo shows the Tallahatchie County Correctional Facility in Tutwiler, Miss. A spokesperson for a union that represents Canadian public sector workers says its members are “categorically opposed” to these pension fund investments. ....