{"id":20291,"date":"2020-11-23T15:30:27","date_gmt":"2020-11-23T20:30:27","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/psp-investing-in-u-k-real-estate-otpp-issuing-green-bond-153189"},"modified":"2020-11-23T15:30:27","modified_gmt":"2020-11-23T20:30:27","slug":"psp-investing-in-u-k-real-estate-otpp-issuing-green-bond","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2020\/11\/23\/psp-investing-in-u-k-real-estate-otpp-issuing-green-bond\/","title":{"rendered":"PSP investing in U.K. real estate, OTPP issuing green bond"},"content":{"rendered":"
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\"Copyright_Ratchanida <\/div>\n<\/p><\/div>\n

Staff<\/span> | November 23, 2020 <\/p>\n

The Public Sector Pension Investment Board and Aviva Investors are jointly funding a new office building in Cambridge, England.<\/p>\n

The six-storey building has been fully pre-let to a flexible workspace provider, according to a press release that noted construction is expected to be completed in 2023. It\u2019s the latest investment in Cambridge real estate by the partnership, which agreed in November 2019 to invest up to \u00a3250 million in commercial property<\/a> across the 26-acre CB1 Estate.<\/p>\n

Read:<\/strong> PSP investing in U.K. real estate; Caisse in medical startup fund, Indian infrastructure<\/a><\/strong><\/p>\n

\u201cThe continuation of our partnership with Aviva Investors in Cambridge reflects our confidence in the city\u2019s long-term performance potential as a centre of innovation,\u201d said St\u00e9phane Jalbert, managing director for Europe and Asia Pacific real estate investments at the PSP, in the release. \u201cCambridge\u2019s world-leading education and research institutions act as a hub and anchor for the artificial intelligence and life science disciplines, making the region a key knowledge cluster driving future performance.\u201d<\/p>\n

In other investment news, the Ontario Teachers\u2019 Pension Plan\u2019s finance trust is issuing a \u20ac750 million 10-year green bond.<\/p>\n

An amount equal to the net proceeds from this issuance will be allocated to assets that are environmentally and socially responsible and tackle critical issues like climate change, according to a press release. This marks the inaugural green bond issued under the Ontario Teachers\u2019 green bond framework.<\/p>\n

\u201cWe believe a transition to a net-zero economy is underway,\u201d said Ziad Hindo, chief investment officer at the Ontario Teachers,\u2019 in the release. \u201cThis is expected to bring a host of attractive investments to Ontario Teachers\u2019 that enable and support this transition, with the objective of earning strong risk-adjusted returns while also having a positive impact. OTFT\u2019s green bond issuance allows us to access capital to support the much-needed investments to transition towards a sustainable future.\u201d<\/p>\n

Read: OTPP in private equity investments, Caisse encourages diversity with new fund<\/a><\/strong><\/p>\n

Meanwhile, the Canada Pension Plan Investment Board, through its wholly-owned subsidiary CPPIB Credit Investments Inc., is committing US$98 million to a bilateral financing transaction in India.<\/p>\n

The transaction will support a strategic investment by JSW Projects Ltd. in iron producer BMM Ispat Ltd. and represents the first direct onshore credit exposure in India by the CPPIB, according to a press release.<\/p>\n

\u201cThe transaction marks a significant milestone for CPP Investments\u2019 credit investment program in India,\u201d said Raymond Chan, the organization\u2019s managing director and head of Asia Pacific credit, in the release. \u201cEmerging markets are a significant part of our long-term strategy and India is a key component of that. We see great opportunities in providing long-term, stable capital to finance India\u2019s growth cycle.\u201d<\/p>\n

And the Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec is part of a consortium of global investors contributing to an $800-million capital raise by Inigo Ltd., a new insurance group.<\/p>\n

The funds will provide a capital base for Inigo to open, subject to approvals, in 2021, said a press release. The consortium also includes Enstar Group Ltd., J.C. Flowers & Co., Oak Hill Advisors, Qatar Investment Authority, Stone Point Capital and Inigo\u2019s management team.<\/p>\n

Read: Caisse, CPPIB, Ontario Teachers\u2019 invest in insurance company<\/a><\/strong><\/p>\n

Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Staff | November 23, 2020 The Public Sector Pension Investment Board and Aviva Investors are jointly funding a new office building in Cambridge, England. The six-storey building has been fully pre-let to a flexible workspace provider,...<\/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\/20291"}],"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=20291"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/20291\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=20291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=20291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=20291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}