TORONTO, Nov. 7, 2024 /CNW/ - RBC Global Asset Management Inc. ("RBC GAM Inc.") announced that RBC Canadian Core Real Estate Fund (the "Fund") completed its fifth portfolio transaction since its inception in October 2019 with British Columbia Investment Management Corporation ("BCI") and its wholly owned subsidiary QuadReal Property Group ("QuadReal"). The transaction comprised two parts: the acquisition of a partial interest in 40 assets totalling approximately $860 million, and the sale of the Fund's interest in five assets for proceeds totalling approximately $175 million. The completion of the transaction will see the Fund's gross asset value increase to well over $5 billion.
Read more at newswire.cahello world
Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.
