Caisse de Depot et Placement du Quebec, Montreal, is planning to make its first real estate investments in India, said Amelie Plante, senior adviser for communications and public affairs.
Although no specific investments are on the table, she said the fund, which has C$237.3 billion (US$243.9 billion) in assets under management, is “really working hard” on India now and might eventually look at other emerging markets.
The India investment would be made under the fund’s SITQ unit, which specializes in the investment and management of office buildings and had C$10.6 billion in assets as of Dec. 31.
Ms. Plante would not say how much the fund plans to invest in India. “It’s really hard to give a hard number on,” she said, adding that it would depend on opportunities.
