Economic news Embassy 58
How a Cheesegrater can pay pensions
Economic attachés learned how one of the most iconic new buildings in the City will eventually pay the pensions of municipal workers halfway around the world in Ontario, Canada.
After breakfast and stupefying views from the Leadenhall Building (to see photos please click here) attachés got a briefing from Paul Brundage of Oxford Properties, the real estate arm of OMERS, one of Canada’s pioneering institutional investors.
Brundage explained to AERL members about Oxford Properties’ focused, hands-on an investment strategy that delivers a 6.5% return for its members annually.