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Quebec  + Canada  + Cross Border News  + Finance  | 
The Caisse de dépôt et placement du Québec (CDPQ) and Ireland's SMBC Aviation Capital have partnered on a new US$1.5-billion aviation company.

Caisse and SMBC Form New JV

The Caisse de dépôt et placement du Québec (CDPQ) and Ireland’s SMBC Aviation Capital have partnered on a new US$1.5-billion aircraft financing and leasing company.

The joint-venture’s creation is expected to have broad commercial real estate implications.

The companies announced that they will make an initial deployment of US$500 million per year over the next three years. The new joint-venture will be known as Maple Aircraft Company Holdings. Dublin-based SMBC said in a news release that it will source transactions and, “under a sistership condition, invest in opportunities alongside the platform.” SBMC will also serve as the platform’s servicer.

Montreal-based CDPQ ranks among Canada’s largest institutional investors with C$424 million in net assets, including diverse commercial real estate holdings. SMBC is one of the world’s largest aircraft operating lease firms with a fleet of 900 aircraft.

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SMBC Aviation CapitalCDPQ

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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