Office properties in New York City and Chicago combined to undermine the annual earnings of Quebec’s largest pension, CDPQ, which blamed exposure to office holdings in the two major United States cities for the sizable drop in its annual return from its real estate holdings.
Giant Canadian pension fund blames poor property performance on two US office markets
CDPQ says exposure in 'hardest-hit cities' of Chicago and New York led to sizable drop in return on real estate holdings
CoStar News
February 28, 2025 | 11:07 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- 10 Downing
10 Downing St, New York, NY
- FiveOneFive
515 State St, Chicago, IL
- Stone Street Square
85 Broad St, New York, NY
- 125 South Wacker Chicago
125 Wacker Dr, Chicago, IL
- Édifice Jacques-Parizeau
1000 Jean-Paul-Riopelle Pl, Montréal, QC
- Contacts
- Charles Emond
President & Chief Executive Officer, CDPQ