TSX:REI.UN - Post by User
Post by
mavion Sep 03, 2001 12:40pm
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Post# 4160372
Big pension plan administrators
Big pension plan administratorsThere was an article in the weekend Toronto Star about OMERS takeover of Oxford. The really interesting comment was about these big pension plans needing big investments with a steady cash flow to pay the ongoing need to provide pension cash payments.
This makes realestate trusts a very attractive asset for them. The article went on to say that there were few such assets left in Canada.
My guess is that RioCan is going to appear on their radars soon as a terrific asset for them.
I would further speculate that RioCan would be worth $15 to $20 a share in a takeover scenario, seeing what they have historically paid for other realestate (Cadillac Fairview, Oxford etc.)
I would not even be surprised at a bidding war between the big Quebec based Credit Unions and Ontario based Pension Plans.