CPPIB Invests in Vancouver Real Estate

vancouver_real-estateFor some time now the Canada Pension Plan Investment Board has been buying up real estate for its portfolio.  The CPPIB, the board which invests the pension money on behalf of over eighteen million Canadians, has most recently purchased a fifty percent share in two of Vancouver’s downtown office properties. Few things are more important to the success of your estate plan than the attorney you choose to design and draft it. Almost as important is the relationship that is formed between that attorney and other professional advisors who serve you in the areas of financial advice and accounting. All successful estate planning is the result of several professions working together for the good of the client. The attorney will carry on a sensitive dialogue that will enable you to make clear your wishes to maintain control over your affairs, to be cared for properly in the event of a disability and to provide meaningfully for your loved ones after you are gone. you can check next page for Estate & Trust Administration. However, professionals of one group sometimes have misconceptions of professionals belonging to other groups. For example, the financial advisor may see the estate planning attorney as little more than a document scrivener. But this is far from the truth. Many attorneys who limit their practice to estate planning are values-based, relationship-driven, client-centered and counseling-oriented. And the good ones are willing to work together with other professionals on your behalf. They understand that thorough estate planning involves more than just legal advice. The key is to find those attorneys who meet this description. So where do you find these rare creatures? How do you know if you’re dealing with the right kind of attorney? The right kind of attorney will have an orientation toward relationship-building and counseling rather than mere document preparation. The first thing he or she will offer is the ability to listen carefully to not only your goals – but also your hopes, dreams, and aspirations for yourself and your loved ones. One of the best ways to begin finding an estate attorney is through references. Ask family members and friends who they would recommend. Other people you use can be of help to such as financial advisors, accountants, attorneys you have used in the past, or contact the local bar association. Advertisements can provide information on estate planning attorneys but make sure you ask all the questions you need to before settling on someone to use. You can also do research online and visit websites of estate attorneys in your area. Good attorneys will have a site that will explain the estate planning process and might even have testimonials from happy clients. You will want to make sure that your estate is planned for and that your wealth, no matter how small, is distributed as you want it to be upon your death. At a minimum, people should plan for a power of attorney and have a will to ensure that you and your assets are properly planned for when the time comes to divide up your estate. An attorney that specializes in estate planning attorney is the best choice for this job. Acquiring your own estate planning attorney can prove to be a simple venture as per the aforementioned factors and there are an ample amount of benefits that are associated with acquiring your own personal estate planning attorney. Although there is a myth that estate planning will only benefit those of an affluent nature, every individual throughout the nation will have the ability to reap the benefits of estate planning. If for no other reason than to make things go smoothly for your spouse and family.

CPPIB spent just over 115 million dollars before closing costs on the two Vancouver offices.  Properties for sale continue to be sought after by real estate agents at frasers property .

The other half of the buildings is apparently owned by the Ontario Municipal Employees Retirement System, which is another pension fund under the direction of Oxford Properties.

According to Vancouver realtors and realtor Vancouver groups, the downtown Vancouver market is so attractive, especially the office building market, because these offer secure long term investments.

The recent acquisition brings the total of CPPIB’s investment in downtown Vancouver offices to a total of six buildings.  Since these properties so rarely change hands, the deal is considered to be a boon for the board.

CPPIB is also interested in investing in other markets, including the emerging real estate markets of China and Brazil.  Nevertheless, the board is likewise still keen to invest more in real estate properties closer to home.

Homes for sale Vancouver and condos for sale Vancouver continue to be sought after, but CPPIB will be keeping its eye on office buildings.  So far, the fund has about 14.4 billion invested in real estate, which totals up to be equal to nine and half percent of its total assets.

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