Empty office cubicles are partially to blame for disappointing real estate returns at the Caisse de dépôt et placement du Québec, or CDPQ, as the public pension giant cites the sector's difficult conditions for a -3.6% return in its property portfolio in the year's first half.
Canadian Public Pension Giant Points to Office Woes for Negative Property Returns
CDPQ Registers 3.6% Loss on Real Estate Holdings in First Half of Year
CoStar News
August 14, 2024 | 9:59 P.M.
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IN THIS ARTICLE
- Properties
- Édifice Jacques-Parizeau
1000 Jean-Paul-Riopelle Pl, Montréal, QC
- Companies
- La Caisse
Real Estate
- Contacts
- Charles Emond
President & Chief Executive Officer, CDPQ