06.10.2008 - Canadian pension funds eye European property spree
From Theglobeandmail.com: Equity-rich Canadian pension funds are leading a stampede of international investors looking to cash in on steep commercial property price declines across Europe, a report on Friday showed. Global property consultant DTZ said Canadian pension funds and property companies such as Cadillac Fairview and Brookfield Properties, were planning to increase their exposure to real estate by around $50-billion (U.S.), with much of this planned new investment destined for Europe.The two largest pension plans in Canada each boast assets in excess of $100-billion..... Full Article: Source