Canada’s Caisse Invests $200 Million In Mexican Toll Roads

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The Quebec pension Caisse de dépôt et placement du Québec is investing nearly $200 million in a handful of Mexican tollroads, according to Investments & Pensions Europe.

From IP Real Estate:

The North American institutional investor said it is taking a 49% stake in a joint venture with local firm Empresas.

CDPQ said it will pay MXN3.013bn (€185m) for the interest.

The platform will invest in dedicated transportation projects in Mexico.

Four projects – the Acapulco Tunnel, the Mayab Tollroad, the Río Verde to Ciudad Valles Highway and the La Piedad Bypass – have been identified by the joint venture.

[…]

Ivanhoé Cambridge, the real estate arm of Caisse, sold CAD8.6bn (€6.1bn) of assets in 2014. The subsidiary carried out a record level of transactions last year, investing CAD5.1bn in real estate. Real estate returned 9.9% in 2014 for La Caisse, while infrastructure returned 13.2%.

Caisse managed $225.9 billion in assets as of December 2014.

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