TORONTO, Nov. 6, 2013 /CNW/ - Bentall Kennedy, one of North America's largest real estate investment
advisors and Canada's largest property manager, announced today the
launch of a new real estate investment fund. The Bentall Kennedy
Canadian Real Estate Plus fund ("Canadian Real Estate Plus") is a
diversified investment vehicle that provides exposure to direct
commercial real estate investments and has more liquidity than
traditional direct real estate investing.
Canadian Real Estate Plus is now available to members of defined
contribution pension and savings plans provided by Sun Life Financial.
"This is an exciting new venture for us," said Gary Whitelaw, Chief
Executive Officer of the Bentall Kennedy Group of Companies.
"Throughout our 100 plus year history, we have been fortunate to be
able to help a wide range of institutional investors accomplish their
investment goals through real estate. This new vehicle gives us the
opportunity to meet the needs of group retirement plan members in the
Canadian Real Estate Plus has two objectives - first, to provide stable
income returns for plan members and, second, to offer value
appreciation potential through the members' investment in a diversified
mix of office, industrial, retail, multi-family residential and other
income producing properties, and land held for development, in Canada.
The Canadian Real Estate Plus portfolio will primarily be allocated to a
$3.5 billion diversified portfolio of Canadian commercial real estate
managed by Bentall Kennedy. This real estate portfolio has been open
only to institutional investors since its inception in 1983, and
Canadian Real Estate Plus is the first product that allows group
retirement plan members access to these institutional-quality
With its primary allocation to direct investments in real estate,
Canadian Real Estate Plus enables investors to gain exposure to direct
real estate investments with significantly less exposure to general
stock market fluctuations than an investment in real estate investment
The balance of the Canadian Real Estate Plus portfolio is allocated to
cash equivalents and securities that track a portfolio of REITs. This
is intended to permit plan members to purchase and redeem their
investments through Sun Life Financial on a daily basis.
"Sun Life has been a terrific partner in the development of this
product," said Chris Lawrence, Executive Vice President of Bentall
Kennedy. "We are thankful to be launching Canadian Real Estate Plus on
their best-in-class group retirement platform."
About BKC Capital Inc.
BKC Capital Inc., a subsidiary of Bentall Kennedy, is responsible for
portfolio management of Canadian Real Estate Plus.
Bentall Kennedy (Canada) Limited Partnership ("Bentall Kennedy") is one of North
America's largest real estate investment advisors and Canada's largest
property manager, providing comprehensive real estate services to our
clients. Bentall Kennedy serves the interests of more than 500 clients
invested in office, retail, industrial, and multi-family residential
properties totaling more than $30 billion and 145 million square feet
in assets under management throughout North America. Bentall Kennedy is
a leader in Responsible Property Investing, and is committed to
best-in-class environmental, social and governance practices in
developing, leasing and managing commercial real estate.
The Bentall Kennedy Group includes Bentall Kennedy (Canada) Limited
Partnership and Bentall Kennedy (U.S.) Limited Partnership.
SOURCE: Bentall Kennedy
For further information:
Jennifer Arnold, Director Corporate Communications and Marketing, Bentall Kennedy
416 681-2726 or firstname.lastname@example.org