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Ontario  + Canada + Cross Border News  + Finance  | 
The Healthcare of Ontario Pension Plan intends to open a new office in London.

HOOPP to Open London Office

One of Canada’s largest pension fund operators is branching out to London.

The Toronto-based Healthcare of Ontario Pension Plan intends to open a new office in the global financial hub, a spokesperson for the group told Reuters.

“We see value in London as a hub to effectively support and manage HOOPP’s growing assets,” the spokesperson said in an interview.

Toronto-based HOOPP has been investing in the U.K. since 2010. The plan to open an office in Europe’s financial capital comes as Canadian institutional investors are showing increasing appetite for international activity and partnerships.

Toronto-based Brookfield Asset Management and French bank Société Générale announced recently that they will launch a $14.6-billion private debt fund. BAM is also exploring sales of its resorts in the Bahamas and U.K.

The commercial real estate investment giant is also eyeing large investments across the globe and redeveloping a U.S. naval weapons station.

And, Slate Asset Management has agreed to purchase a $1.48-billion German grocery-anchored retail property portfolio.

Photo: JHVEPhoto /


Inside The Story

HOOPPMonte Stewart

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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