Canadian Realestate Magazine forum is the place for positive industry interaction and welcomes your professional and informed opinion.

CPP board stirs investor interest in Brazil

Notify me of new replies via email
Guest | 03 Dec 2012, 09:05 PM Agree 0

The Canada Pension Plan Investment Board has now moved to extend its involvement in the Brazilian real estate market with those funds earmarked for joint partnerships to acquire two portfolios.
The first will see the board partner with a Singapore Investment Corp. (GIC) to acquire a portfolio of five development projects in Brazil.
For the second joint venture, CPPIB will partner with China Investment Corp. Both ventures are being touted as diverse and largely focused on commercial space.
That strategy is slightly different from that of a growing number of Canadians now weighing the pros and cons of entering the South American market.
Companies like EcoHouse Developments are tapping into that interest, offering investors short-term opportunities grow their money in government-approved residential developments meant to meet Brazil’s housing crisis.
The company is building under the Minha Casa Minha Vida social housing project, although its property investment is fully regulated and managed by UK solicitors, according to EcoHouse.
Economists remain largely bullish on Brazil’s long-term future, although near-term growth is more muted than many had projected.
For its third quarter, GDP came in at 0.6 per cent quarter over quarter and just 0.9 percent from the third quarter of 2011.
It’s much lower than that the 1.2 per cent projected.
  • Dean J | 13 Dec 2012, 11:59 PM Agree 0
    Brazil has been a great investment option for peoples real estate portion inside of their portfolio.

    EcoHouse has been building in Brazil since the Minha Casa Minha Vida social housing project was introduced byt the government back in 2009.

    This is one of secure investment options we suggest!
Post a reply