Standard Life Real Estate Fund Tops $1 Billion

Marks the growing importance of asset class to pensions.

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story_images_calgary_albertaThe Standard Life Real Estate Fund, managed by Standard Life Investments, has topped $1 billion in assets under management following the recent acquisition of the 8 West skyscraper in Calgary.

“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.

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