University Pension Plan Ontario—a jointly sponsored defined benefit pension for Ontario university sector employers and employees—has partnered with private equity real estate firm KingSett Capital to invest in industrial real estate in Canada. The partners will focus on multi-tenant, light industrial buildings in supply-constrained markets. The move will reportedly enable UPP Ontario to further diversify its portfolio and increase its allocation to income-generating assets. Earlier this year, UPP Ontario also partnered with Schroders Capital to invest in logistics and industrial real estate across Northwestern Europe.
UPP (Kingsett)
| UPP (Schroders)
| BNN Bloomberg
| Investment Executive (CP)
