Canadian pension fund opens U.S. headquarters at 320 Park Avenue

TRD NEW YORK /
Oct.October 26, 2011 03:43 PM

Canadian pension fund Ontario Municipal Employees Retirement System, or OMERS, is opening its first American office at 320 Park Avenue near 51st Street, the fund announced, in hopes of expanding its presence in private market investments in the U.S.

OMERS manages $53 billion in assets, including $10 billion in the United States. Canadians have been active of late in the New York market, and real estate watchers might recognize OMERS’ investment arm, Oxford Properties Group, which partnered with the Related Companies on the 12 million-square-foot development of Hudson Yards.

“I can’t think of a bigger statement about our commitment to the New York market than the Hudson Yards project,” said Oxford Properties Group President and CEO Blake Hutcheson.

The Toronto-based firm also has offices in Calgary and London. The firm will have a 30-member investment team specializing in real estate, infrastructure, private equity and capital markets in the new office. — Adam Fusfeld


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

The Observation Deck at Hudson Yards (Credit: Adam Pogoff)

Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere

Facebook CEO Mark Zuckerberg and Hudson Yards (Credit: Getty Images and Wikipedia)

Facebook close to finalizing Hudson Yards office deal: report

Steve Ross, Eliot Spitzer and a rendering of 451 10th Avenue (Credit: Getty Images) 

Spitzer, Related land $276M in financing for Hudson Yards senior housing project

From left: 330 Madison Avenue, 66 Hudson Boulevard and 599 Lexington Avenue (Credit: Google Maps)

Law firms topped the list of January’s biggest office leases in NYC

The Vessel (Credit: Getty Images)

Suicide at Vessel raises issue for Hudson Yards attraction

Jeff Blau (Credit: Getty Images)

Related’s CEO talks Hudson Yards and “complicated” projects

The total market value of all properties in New York City was at about $1.4 trillion (Credit: iStock)

Market value of NYC real estate went up at slowest rate in years

arrow_forward_ios
Loading...