Pensions
La Caisse Forms Joint Venture to Acquire European Logistics Properties
The Quebec-based pension and industrial REIT manager Prologis plan to deploy $1.17 billion.
The meager 2.3% return from the Quebec pension fund’s private equity portfolio fell well short of the benchmark’s 12.6%.
The Québec pension fund’s asset value rose to $357.5 billion.
The pension fund has launched a joint venture with the Mohawk Council of Kahnawake to invest in renewable energy infrastructure.
The sale is the first major deal since the Québécois pension fund consolidated its real estate units.