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Standard Life Investments launches Canadian Real Estate Fund for Global Investors

Standard Life Investments launches Canadian Real Estate Fund for Global 
Investors 
MONTREAL, Sept. 18, 2013 /CNW Telbec/ - Standard Life Investments, one of the 
largest global asset managers and one of the world's largest real estate 
investors, has announced the first closing of a new Canadian Real Estate Fund 
(CREF), raising CDN $77m in initial equity. 
The CREF is structured as a semi open-ended Canadian Limited Partnership with 
an English Limited Partnership feeder fund for non-Canadian investors. The 
Fund was intentionally designed for both domestic and international 
institutional investors to access the Canadian real estate market. Canada has 
historically been difficult for overseas investors to access, and Standard 
Life Investments is one of the few global real estate managers who can 
demonstrate a long established and successful capability in this market. 
Standard Life Investments real estate team in Toronto has been providing 
domestic investors with access to the Canadian real estate market for over 30 
years. The existing core, fully open-ended, fund has delivered strong long 
term performance of 9.4% per annum since launch on 31(st) December 1982, and 
has grown to over $1.3bn. 
The new fund will focus on a core-plus strategy with managed liquidity and 
leverage, and will allow access for non-Canadian investors to a market which 
Standard Life Investments believes offers strong long term investment 
potential. The fund will also expand the existing Canadian real estate product 
suite with a complementary strategy. 
David Paine, Head of Real Estate Investments at Standard Life Investments 
commented; 
"Raising $77m in the current climate is testimony to our team in Canada, their 
positive longstanding track record and the shared belief from our clients in 
the long term potential that the Canadian real estate market offers. 
"The launch of the new fund is consistent with our desire to offer our global 
client base access to real estate markets where we can demonstrably add 
value. The Canadian market is one we know well with our existing fund having 
grown over the last three years by 142% to its current $1.3 billion. 
"I am delighted with the announcement of the first close diversifying our real 
estate product suite." 
Blair McCreadie Head of Canadian Real Estate commented: 
"The successful launch of the CREF is consistent with Standard Life 
Investments strategy of building a best in class international product 
suite. Canada, as a G8 economy offers attractive long term investment 
fundamentals including its wealth in natural resources, historically stable 
banking and financial sector and an attractive demographic profile. The market 
is increasingly perceived as an attractive diversifier for institutional 
Investors." 
Standard Life Investments (Real Estate) Inc in Canada manages an existing 
pooled real estate fund for domestic institutional clients, The Standard Life 
Real Estate Fund, has produced, for the 30-year period since inception, an 
annualized return 9.4%. This fund, which has remained open throughout its 
history and has had a positive return in 29 of the past 30 years, is currently 
over CDN$1.3 billion in size. 
Notes to Editors 
1. With assets under management of £178.8 bn (30/06/13), Standard 
 Life Investments is one of Europe's leading investment houses.
  2. As at 30.06.13 Standard Life Investments manages £10.1bn of real 
 estate assets.
  3. Standard Life Investments Limited was launched as an investment 


     management company in 1998. It is a wholly owned subsidiary of
     Standard Life Investments (Holdings) Limited, which in turn is a


 wholly owned subsidiary of Standard Life plc.
  4. Headquartered in Edinburgh, Standard Life Investments' maintains 


     offices in a number of locations around the globe including
     Boston, Hong Kong, London, Beijing, Montreal, Sydney, Dublin,
     Paris and Seoul.  In addition, we have close relationships with
     leading domestic players in Asia, including HFDC Asset Management


 in India and Sumitomo Mitsui Trust Bank in Japan.
  5. Standard Life Investments Inc., with offices in Calgary, Montréal 


     and Toronto, is a wholly owned subsidiary of Standard Life
     Investments Limited and has provided investment management
     services in Canada since 1973.  Standard Life Investments Inc.
     manages investment funds for pension plans, retail mutual funds
     and individual segregated funds associated with various savings


 and retirement products offered by Standard Life Canada.
  6. Past performance does not indicate future returns and are not 


     guaranteed.
     Standard Life Investments Limited is registered in Scotland
     (SC123321) at 1 George Street, Edinburgh EH2 2LL.
     Standard Life Investments Limited is authorised and regulated by
     the Financial Conduct Authority.
     Standard Life Investments (Hong Kong) Limited is licensed with and
     regulated by the Securities and Futures Commission in Hong Kong
     and is a wholly-owned subsidiary of Standard Life Investments
     Limited.
     Standard Life Investments Limited (ABN 36 142 665 227) is
     incorporated in Scotland (No. SC123321) and is exempt from the
     requirement to hold an Australian financial services licence under
     paragraph 911A(2)(l) of the Corporations Act 2001 (Cth) (the
     'Act') in respect of the provision of financial services as
     defined in Schedule A of the relief instrument no.10/0264 dated 9
     April 2010 issued to Standard Life Investments Limited by the
     Australian Securities and Investments Commission. These financial
     services are provided only to wholesale clients as defined in
     subsection 761G(7) of the Act.  Standard Life Investments Limited
     is authorised and regulated in the United Kingdom by the Financial
     Conduct Authority under the laws of the United Kingdom, which
     differ from Australian laws.
     Standard Life Investments Limited, a company registered in Ireland
     (904256) 90 St Stephen's Green Dublin 2 and is authorised and
     regulated in the UK by the Financial Conduct Authority.
     Standard Life Investments (USA) Limited, registered as an
     Investment Adviser with the US Securities and Exchange Commission.
     Standard Life Investments Inc., with offices in Calgary, Montréal
     and Toronto, is a wholly owned subsidiary of Standard Life
     Investments Limited.
     Calls may be monitored and/or recorded to protect both you and us
     and help with our training.
     www.standardlifeinvestments.com
      © 2013 Standard Life, images reproduced under licence





SOURCE  STANDARD LIFE INVESTMENTS INC. 
Press Enquiries: 
Celine Hebert Director, Marketing Communications Standard Life Investments 
Inc. (514) 467-1873 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/September2013/18/c8329.html 
CO: STANDARD LIFE INVESTMENTS INC.
ST: Quebec
NI: FND FLOWS NP FIN  
-0- Sep/18/2013 15:22 GMT
 
 
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