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<blockquote data-quote="klein" data-source="post: 888976" data-attributes="member: 23950">Yet, another Canada Pension Plan investment :<img src="http://globalfinance.zenfs.com/images/CA_EN_AFTP_CAPress_LIVE/cpt10189879_high_small.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" />An artist&#039;s rendering shows the planned new RBC headquarters in an image released on Friday Oct. 14, 2011. Two of Canada&#039;s largest pension plans are teaming up to build a 30-storey office tower in downtown Toronto that will become the new national headquarters for the Royal Bank of Canada (TSX:RY).Sunny Freeman, The Canadian Press, On Friday October 14, 2011, 12:49 pm EDT By Sunny Freeman, The Canadian Press TORONTO - Canada&#039;s largest bank will establish a national headquarters for its Canadian banking operations at a flagship downtown Toronto tower being built by two of the country&#039;s largest pension plans.The new Royal Bank of Canada (TSX:RY) headquarters, to be called RBC WaterPark Place, is a 50-50 joint venture between Oxford Properties Group, the real estate arm of OMERS, the Ontario Municipal Employees Retirement System, and the Canada Pension Plan Investment Board.Peter Ballon, CPPIB&#039;s head of real estate investments, Americas, said the development &quot;provides us with the opportunity to add a major state-of-the-art office tower to our Canadian real estate portfolio with a premier tenant in place.&quot;.Oxford and CPPIB co-own a portfolio of office properties across Canada valued at approximately $3 billion, and are currently also developing 1021 West Hastings in Vancouver.&nbsp;The CPPIB is a professional investment management organization that invests the funds not needed by the Canada Pension Plan to pay current benefits on behalf of 17 million Canadian contributors and beneficiaries. It invests in public equities, private equities, real estate, inflation-linked bonds, infrastructure and fixed income instruments. As of June 30, the CPP Fund totalled $153.2 billion.</blockquote>

[QUOTE="klein, post: 888976, member: 23950"] Yet, another Canada Pension Plan investment : [IMG]http://globalfinance.zenfs.com/images/CA_EN_AFTP_CAPress_LIVE/cpt10189879_high_small.jpg[/IMG] An artist's rendering shows the planned new RBC headquarters in an image released on Friday Oct. 14, 2011. Two of Canada's largest pension plans are teaming up to build a 30-storey office tower in downtown Toronto that will become the new national headquarters for the Royal Bank of Canada (TSX:RY). Sunny Freeman, The Canadian Press, On Friday October 14, 2011, 12:49 pm EDT By Sunny Freeman, The Canadian Press TORONTO - Canada's largest bank will establish a national headquarters for its Canadian banking operations at a flagship downtown Toronto tower being built by two of the country's largest pension plans. The new Royal Bank of Canada (TSX:RY) headquarters, to be called RBC WaterPark Place, is a 50-50 joint venture between Oxford Properties Group, the real estate arm of OMERS, the Ontario Municipal Employees Retirement System, and the Canada Pension Plan Investment Board. Peter Ballon, CPPIB's head of real estate investments, Americas, said the development "provides us with the opportunity to add a major state-of-the-art office tower to our Canadian real estate portfolio with a premier tenant in place." . Oxford and CPPIB co-own a portfolio of office properties across Canada valued at approximately $3 billion, and are currently also developing 1021 West Hastings in Vancouver. The CPPIB is a professional investment management organization that invests the funds not needed by the Canada Pension Plan to pay current benefits on behalf of 17 million Canadian contributors and beneficiaries. It invests in public equities, private equities, real estate, inflation-linked bonds, infrastructure and fixed income instruments. As of June 30, the CPP Fund totalled $153.2 billion. [/QUOTE]

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