Boston Properties, inc (BXP) Q2 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
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Canadian pension funds are seeking to boost their real estate investments, betting the slumping property market will recover as the COVID-19 pandemic recedes and office workers and city dwellers return to downtown properties.
Canadian pension funds held $278.7-billion in property assets in 2019, up 4 per cent from 2018, according to the Pension Investment Association of Canada, making them the country’s largest real estate owners.
By IPE staff2021-01-19T17:37:00+00:00
Canada Pension Plan Investment Board (CPP Investments), Greystar Real Estate Partners and Cyrela Brazil Realty have created a Brazilian multifamily development venture with SKR.
The partnership will own and operate a purpose-built 220-unit rental multifamily project in the Pinheiros/Rebouças district of São Paulo expected to be delivered in 2023, making it the first institutionally-owned and operated multifamily platform in Brazil.
Hilary Spann, managing director and CPP Investments Americas real estate head, said: “CPP Investments continues to see increasing demand in the rental multifamily sector in Brazil, which will particularly benefit developers of modern, high-quality residential space.”
Cyrela, CPP Investments and Greystar Announce Partnership with SKR in Brazilian Multifamily Development Venture yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.