{"id":17430,"date":"2019-11-06T09:30:45","date_gmt":"2019-11-06T14:30:45","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/psp-investing-in-u-k-real-estate-caisse-in-medical-startup-fund-indian-infrastructure-138457"},"modified":"2019-11-06T09:30:45","modified_gmt":"2019-11-06T14:30:45","slug":"psp-investing-in-u-k-real-estate-caisse-in-medical-startup-fund-indian-infrastructure","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2019\/11\/06\/psp-investing-in-u-k-real-estate-caisse-in-medical-startup-fund-indian-infrastructure\/","title":{"rendered":"PSP investing in U.K. real estate; Caisse in medical startup fund, Indian infrastructure"},"content":{"rendered":"\n
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The Public Sector Pension Investment Board and Aviva Investors are teaming up to invest \u00a3250 million in a commercial property in Cambridge, U.K.<\/p>\n

The agreement marks the second time the two organizations have teamed up on a real estate investment. In 2015, they invested in a portfolio of commercial properties in central London, currently valued at more than \u00a3400 million.<\/p>\n

As part of the new investment, the pair will acquire a mix of ground-up and standing assets located in the CB1 Estate in Cambridge.<\/p>\n

Read: Caisse invests in budget hotel chain, CPPIB and PSP complete sale of medical devices company<\/a><\/strong><\/p>\n

\u201cBuilding on our existing partnership with Aviva, PSP is continuing its strategy of investing in key innovation markets,\u201d said St\u00e9phane Jalbert, managing director for Europe and Asia Pacific in real estate investments at the PSP, in a press release. \u201cCambridge is one of the U.K.\u2019s leading knowledge clusters for artificial intelligence and life sciences, and we believe the regeneration of the Station Road area will outperform in the long term.\u201d<\/p>\n<\/div>\n

In other investment news, the Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec is investing in Amplitude, a Quebec-based life sciences fund, supporting medical startups.<\/p>\n

Amplitude has now obtained more than 50 per cent of its financing target for its fresh $200-million fund, with the Caisse, BDC Capital, Fonds de solidarit\u00e9 FTQ, Teralys and Investissement Qu\u00e9bec all participating so far.<\/p>\n

Read: PSP, Alberta Teachers\u2019 to buy Canadian natural gas and renewables company<\/a><\/strong><\/p>\n

\u201cThis investment aligns with our commitment to support companies operating in life sciences, which is a growing sector of our innovation economy,\u201d said Charles \u00c9mond, executive vice-president and head of Quebec investments and global strategic planning at the Caisse, in a press release. \u201cWith the progress in recent years on data analysis and new technology integration, new medical treatments are developing at a rapid pace. Amplitude is well positioned to benefit from this transformation and support the companies that will stand out.\u201d<\/p>\n

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The Caisse is also acquiring Global Infrastructure Partners’ road platform in India. It currently comprises seven operating road assets. <\/section>\n
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Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Public Sector Pension Investment Board and Aviva Investors are teaming up to invest \u00a3250 million in a commercial property in Cambridge, U.K. The agreement marks the second time the two organizations have teamed up on a...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17430"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=17430"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17430\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=17430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=17430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=17430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}