Ontario teachers’ fund to buy London Airport

Ontario teachers’ fund leads group to buy London City Airport for $2.8 billion



A consortium of bidders led by the Ontario Teachers’ Pension Plan is close to announcing it will buy London City Airport for more than £2 billion (about $2.8 billion), said people familiar with the matter.

The deal could be announced as early as Friday, the people added. In addition to the Canadian pension fund, the consortium includes: Borealis Infrastructure, as well as Alberta Investment Management Corp., a Canadian fund, and Kuwait Investment Authority’s Wren House Infrastructure Management.

London City Airport, popular with London’s financial community because of its proximity to the heart of the capital, is currently owned by Global Infrastructure Partners. News of the winning bid was first reported by The Financial Times.


The deal comes at a time when Canadians have steadily been buying up assets in London’s commercial-property market. The Canadian firm Brookfield Property Partners LP, along with Qatar’s state investment fund, won a bidding war for Songbird Estates PLC, Canary Wharf’s majority shareholder. Canadian investment firm Ivanhoe Cambridge last year bought the London office building that is home to UBS Group AG. In 2014, the group bought Stonecutter Court, a central London office building.

Ontario Teachers Pension Fund is one of the wealthiest .

and that Ont. Municipal workers one as ell !

say what now?

Pension Funds Managers : lick their lips at getting these accounts !

OMERS and Teachers ...

how does the ontario teachers plan have the funds to buy that airport?

http://www.otpp.com/investments/asset-groups

Even though $150 million represents  less than 0.1% of our total fund,

we choose it as a reporting threshold to give plan members and others

greater insight into the diversity of our asset base. 

scroll down to the 6.8 Billion value 

who they buying it from,,must check with maps on dat


why they not buying Canadian

[quote author=Chin link=topic=102961.msg681078#msg681078 date=1456521966]
The teachers pension manages its own funds ...
[/quote]
stewwwpppsss...this woman continues to be an Idiot 

Jennyass Chin ,  stop trying to sound intelligent !

Cutting and paste crap is not the answer ....

try understanding portfolio management and which 3rd parties do it !

even though there are in house investment portfolio Managers... :

Yeah , just like you worked for the Prime Minister in Ottawa.


hahahaha ....FYI , I met with the same Minister for WSIB Investment portfolio


that you trying to sound knowledgeable abouT

Trini women can rate LIE