Commercial real estate: Canadian pension plan dumps Manhattan project for $1

Commercial real estate: Canadian pension plan dumps Manhattan project for

Canadian pension funds have been among the world’s most prolific buyers of real estate, starting a revolution that inspired retirement plans around the globe to emulate them. Now the largest of them is taking steps to limit its exposure to the most-beleaguered property type — office buildings.

Canada Pension Plan

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Ontario Teachers’ Pension Strategy restructures genuine estate division, announces subsequent head of Cadillac Fairview

Ontario Teachers’ Pension Strategy restructures genuine estate division, announces subsequent head of Cadillac Fairview
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The Ontario Teachers’ Pension Strategy Board workplace in Toronto, Sept. 28, 2021.COLE BURSTON/The Canadian Push

Ontario Teachers’ Pension System is bringing its true estate financial commitment operations in-home and naming Sal Iacono as the subsequent main government of Cadillac Fairview Corp. Ltd., with the

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