Standard Life Real Estate Fund Tops $1 Billion
Marks the growing importance of asset class to pensions.
BY Benefits Canada Staff | July 25, 2012
“Our fund’s milestone is symbolic of the growing importance of real estate as a source of income and as a hedge against inflation for Canadian pension fund investors,” commented Peter Cuthbert, head of Canadian real estate with Standard Life Investments.
The fund has a large number of properties under management across Canada. Standard Life Investments anticipates continuing investment in major Canadian real estate markets over the balance of 2012.