Latest news with #ManulifeIM
Yahoo
21-05-2025
- Business
- Yahoo
Manulife Investment Management and Cedar Podium Investment Management to Partner on Zero-Carbon Student Housing Project in Kingston, Ontario
TORONTO, May 21, 2025 /CNW/ - Manulife Investment Management ("Manulife IM") and Cedar Podium Investment Management announced today a strategic partnership to develop a purpose-built student housing (PBSH) residence in Kingston, Ontario, strategically located downtown with direct access to Queen's University. Located at 283 Queen Street, the 15-storey development will provide 389 fully furnished bedrooms (178 units) and a suite of modern amenities, including a fitness centre, study areas, a social lounge, and centralized laundry facilities. The project is designed to meet Canada Green Building Council's (CaGBC) Zero Carbon Design certification and is targeting a 2-star Fitwel® rating—demonstrating a strong commitment to sustainability, health, and wellness. This marks the inaugural collaboration between Cedar Podium and Manulife IM, laying the groundwork for a large-scale partnership focused on delivering high-quality, professionally managed student housing across Canada. The alliance combines deep sector expertise to help address the growing shortage of student accommodation nationwide. "Kingston is a top-tier destination for students, and this development represents a major step forward in supporting its growth," said Bernard Luttmer, CEO of Cedar Podium Investment Management. "Our partnership with Manulife IM reflects a shared commitment to sustainable, long-term solutions in the student housing sector." "As demand continues to grow, we see purpose-built student housing as a compelling opportunity to invest in resilient, community-enhancing assets, in an alternative asset class with significant tailwinds. We look forward to working alongside Cedar Podium on this forward-thinking strategic venture," said Marc Feliciano, Global Head of Real Estate at Manulife Investment Management. "Additionally, we believe additional student beds have an indirect positive impact on the broader housing market, as they can be a catalyst for conventional multifamily inventory to be released as students transition into these available assets." Kingston consistently ranks among Canada's best cities for students, known for its affordability, quality of life, and academic excellence, anchored by institutions like Queen's University. However, a critical housing shortage threatens to limit its potential. Research by global advisory firm Bonard highlights the lack of available student beds as a significant barrier to institutional growth and Canada's ability to attract international students. Historically dominated by small-scale, private landlords, the student housing sector is undergoing a transformation. Rising enrollment and limited supply have created urgent demand for professionally developed scalable solutions. This Kingston development aims to meet that demand with sustainability, livability, and accessibility at its core. Site preparation is currently underway, and full construction is expected to begin in Q2 2025. Completion and occupancy is targeted for Fall 2027. About Manulife Wealth & Asset Management As part of Manulife Financial Corporation, Manulife Wealth & Asset Management provides global investment, financial advice, and retirement plan services to 19 million individuals, institutions, and retirement plan members worldwide. Our mission is to make decisions easier and lives better by empowering people today to invest for a better tomorrow. As a committed partner to our clients and as a responsible steward of investor capital, we offer a heritage of risk management, deep expertise across public and private markets, and comprehensive retirement plan services. We seek to provide better investment and impact outcomes and to help people confidently save and invest for a more secure financial future. Not all offerings are available in all jurisdictions. For additional information, please visit About Cedar Podium Investment Management Cedar Podium Investment Management is a Canadian purpose-built student accommodation (PBSA) investment firm formed through a partnership between Pamoja Capital, Cedar Pacific Investment Management and Podium Group. The firm brings together global funds management expertise and Podium's local market knowledge to deliver high-quality student accommodation across Canada. The team has over $1.5 billion invested in the PBSA sector across 19,000 beds, including more than 39 buildings delivered and 7 under development. Cedar Podium is committed to better student outcomes and giving back directly to Canadian Post-Secondary Institutions and their students. Media contactElizabeth Bartlettelizabeth_bartlett@ SOURCE Manulife Investment Management View original content to download multimedia:
Cision Canada
21-05-2025
- Business
- Cision Canada
Manulife Investment Management and Cedar Podium Investment Management to Partner on Zero-Carbon Student Housing Project in Kingston, Ontario Français
TORONTO, May 21, 2025 /CNW/ - Manulife Investment Management ("Manulife IM") and Cedar Podium Investment Management announced today a strategic partnership to develop a purpose-built student housing (PBSH) residence in Kingston, Ontario, strategically located downtown with direct access to Queen's University. Located at 283 Queen Street, the 15-storey development will provide 389 fully furnished bedrooms (178 units) and a suite of modern amenities, including a fitness centre, study areas, a social lounge, and centralized laundry facilities. The project is designed to meet Canada Green Building Council's (CaGBC) Zero Carbon Design certification and is targeting a 2-star Fitwel ® rating—demonstrating a strong commitment to sustainability, health, and wellness. This marks the inaugural collaboration between Cedar Podium and Manulife IM, laying the groundwork for a large-scale partnership focused on delivering high-quality, professionally managed student housing across Canada. The alliance combines deep sector expertise to help address the growing shortage of student accommodation nationwide. "Kingston is a top-tier destination for students, and this development represents a major step forward in supporting its growth," said Bernard Luttmer, CEO of Cedar Podium Investment Management. "Our partnership with Manulife IM reflects a shared commitment to sustainable, long-term solutions in the student housing sector." "As demand continues to grow, we see purpose-built student housing as a compelling opportunity to invest in resilient, community-enhancing assets, in an alternative asset class with significant tailwinds. We look forward to working alongside Cedar Podium on this forward-thinking strategic venture," said Marc Feliciano, Global Head of Real Estate at Manulife Investment Management. "Additionally, we believe additional student beds have an indirect positive impact on the broader housing market, as they can be a catalyst for conventional multifamily inventory to be released as students transition into these available assets." Kingston consistently ranks among Canada's best cities for students, known for its affordability, quality of life, and academic excellence, anchored by institutions like Queen's University. However, a critical housing shortage threatens to limit its potential. Research by global advisory firm Bonard highlights the lack of available student beds as a significant barrier to institutional growth and Canada's ability to attract international students. Historically dominated by small-scale, private landlords, the student housing sector is undergoing a transformation. Rising enrollment and limited supply have created urgent demand for professionally developed scalable solutions. This Kingston development aims to meet that demand with sustainability, livability, and accessibility at its core. Site preparation is currently underway, and full construction is expected to begin in Q2 2025. Completion and occupancy is targeted for Fall 2027. About Manulife Wealth & Asset Management As part of Manulife Financial Corporation, Manulife Wealth & Asset Management provides global investment, financial advice, and retirement plan services to 19 million individuals, institutions, and retirement plan members worldwide. Our mission is to make decisions easier and lives better by empowering people today to invest for a better tomorrow. As a committed partner to our clients and as a responsible steward of investor capital, we offer a heritage of risk management, deep expertise across public and private markets, and comprehensive retirement plan services. We seek to provide better investment and impact outcomes and to help people confidently save and invest for a more secure financial future. Not all offerings are available in all jurisdictions. For additional information, please visit Cedar Podium Investment Management is a Canadian purpose-built student accommodation (PBSA) investment firm formed through a partnership between Pamoja Capital, Cedar Pacific Investment Management and Podium Group. The firm brings together global funds management expertise and Podium's local market knowledge to deliver high-quality student accommodation across Canada. The team has over $1.5 billion invested in the PBSA sector across 19,000 beds, including more than 39 buildings delivered and 7 under development. Cedar Podium is committed to better student outcomes and giving back directly to Canadian Post-Secondary Institutions and their students.
Yahoo
14-05-2025
- Business
- Yahoo
Manulife Investment Management Hires Brent McGowan as Global Head and CIO of Agriculture
BOSTON, May 14, 2025 /PRNewswire/ - Manulife Investment Management ("Manulife IM") is pleased to announce the appointment of Brent McGowan as Global Head and Chief Investment Officer of Agriculture, where he will lead the agriculture business, focusing on growth and performance. Brent brings 30 years of experience in the food and agricultural industry into the role. Most recently, he was Chief Operating Officer for Novus Ag. Prior to that role, he was Global Head of Agricultural Operations at Manulife IM where he was responsible for managing health, safety, environmental, and risk objectives while meeting client needs and maintaining internal profitability. "Brent's return is a tremendous positive for our platform, team, and clients," said Anne Valentine Andrews, Global Head of Private Markets, Manulife Investment Management. "Brent's background in agricultural operations and leadership will cultivate new opportunities for investors and help to drive transformational change to enhance our portfolio." During his past tenure at Manulife IM, Brent was pivotal in providing strategic leadership for the firm's agricultural operations. Brent fostered trusted relationships and spearheaded transformation efforts for the business. To ensure a smooth transition, Oliver Williams, Manulife IM's former Global Head of Agriculture Investments, will move into a strategic advisor role and collaborate closely with Brent with a focus on investment strategy and execution. "Brent's extensive experience, coupled with the knowledge of Manulife IM and our clients gained while here, are invaluable to this role," said Mr. Williams. "His insights are instrumental in navigating the complexities of the agricultural industry, and his ability to drive strategic initiatives is essential as we continue to expand our portfolio. I look forward to working with him to position the platform for continuous long-term growth and success." As one of the world's leading natural capital investment managers,1 Manulife IM's US$4.2 billion agricultural business brings customized, vertically integrated, sustainable agricultural investment solutions across a variety of commodity types and agriculture "plus" investments to investors worldwide.2 With nearly 35 years of agricultural investing experience and 400,000 acres under management, Manulife IM's agriculture platform has developed deep industry knowledge coupled with a global footprint across Australia, Canada, Chile and the United States.2 More broadly, Manulife IM's diversified private markets platform includes infrastructure, real estate, private equity, private credit, timberland in addition to agriculture. The firm continues to prioritize bringing additional private markets solutions to both institutional and retail investors to help them achieve their long-term investment goals. "It's a privilege to lead this team and I am invigorated by the depth of talent and expertise here," said Mr. McGowan. "There is a deep passion at Manulife IM for the communities that we are privileged to work with to bring nutrition to tables around the world. I admire the business's steadfast commitment to responsibly steward farmland and produce sustainable food and fiber to deliver performance to clients, and I am excited to contribute in a meaningful way to the future of the platform." Find more information on Manulife Investment Management Agriculture capabilities here. 1. IPE research, as of January 24, 2025. Ranking is based on total natural capital assets under management (AUM), which include forestry/timberland and agriculture/farmland AUM. Firms were asked to provide AUM and the as of dates vary from December 31, 2023, to December 31, 2024. 2. As of December 31, 2024. About Manulife Wealth & Asset Management As part of Manulife Financial Corporation, Manulife Wealth & Asset Management provides global investment, financial advice, and retirement plan services to 19 million individuals, institutions, and retirement plan members worldwide. Our mission is to make decisions easier and lives better by empowering people today to invest for a better tomorrow. As a committed partner to our clients and as a responsible steward of investor capital, we offer a heritage of risk management, deep expertise across public and private markets, and comprehensive retirement plan services. We seek to provide better investment and impact outcomes and to help people confidently save and invest for a more secure financial future. Not all offerings are available in all jurisdictions. For additional information, please visit Media Contact: Elizabeth Bartlett, elizabeth_bartlett@ View original content to download multimedia: SOURCE Manulife Investment Management Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
