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CDPQ reports –2.3% return, accelerates repositioning of real estate portfolio
Investors - AUGUST 12, 2020

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CDPQ reports –2.3% return, accelerates repositioning of real estate portfolio

by Kali Persall

The Caisse de dépôt et placement du Quebec (CDPQ) has reported a –2.3 percent return for the first six months of the year, amid volatility caused by the global coronavirus pandemic.

In light of the crisis, CDPQ said it took measures to ensure tighter coordination between asset classes and take advantage of future opportunities. These included an in-depth review of all portfolio assets to identify sectors of the future and potential risks, in order to better define the post-COVID‑19 strategy, as well as new, coordinated steering of the strategy, portfolio construction and risk management activities.

CDPQ also accelerated the repositioning of its real estate portfolio, primarily in the shopping center sector, which will allow expanding toward segments such as industrials and logistics over time. CDPQ’s net assets were C$333 billion ($250 billion) for the first six months of 2020.

“In the first half of 2020, the global economy was hit by a crisis that was

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