Public Sector Pension Investment Board (PSP Investments) has launched a βEuropean hubβ to oversee its private-markets investments in the region.
The CAD126bn (β¬84.4bn) institutional investor has moved 28 professionals to a recently built London office it co-owns with Tishman Speyer.
The European team, based at 10 Bressenden Place, includes StΓ©phane Jalbert and Patrick Charbonneau, managing directors of real estate and infrastructure investments, respectively.
President and CEO AndrΓ© Bourbonnais described the move as a βstrategic milestoneβ for the organisation which manages the investments of four Canadian public-sector pension plans.
Jalbert has been building PSP Investmentsβ exposure to European real estate markets since he joined in 2009, including joint ventures with and .
It has a majority stake in Verde, at 10 Bressenden Place, Victoria, an office building constructed by Tishman Speyer.
Investments in European infrastructure include the acquisition of industrial airport platform AviAlliance and a stake in in the UK.
