HOOPP

HOOPP Real Estate

The HOOPP real estate portfolio forms a significant part of the Fund’s asset base. In addition to acting as an element of diversification, the income and cash flow generated by the properties plays an important role in helping meet both current and future obligations to our members.

These income streams also have a high degree of reliability and, in times of inflation, can act as a good hedge as rental values increase. This makes real estate a good match for long-term liabilities.


building

Real estate investment strategies: key principles

  • Acquire and hold well-located and well-leased properties that have the potential to generate stable and predictable income streams.
  • Diversify the portfolio by geography and asset type (e.g. office, industrial, residential, etc.), so that the portfolio risk is diminished; this includes a portion of the asset base invested in non-domestic properties and funds.
  • Augment the performance of the portfolio through development of new properties. In this way, any created value remains with the Fund and its members.
Real estate investment strategies

Portfolio highlights

Over the last five years, our real estate portfolio generated a currency-hedged return of 8.2%, $1.8 billion over the benchmark. In 2020, the portfolio produced a return of 0.2% on a currency-hedged basis, and $499 million in value added.

At year-end, our real estate portfolio had a gross market value of $15.5 billion versus $14.6 billion at the end of 2019. Despite the pandemic causing global commercial real estate transaction volumes to decline by over 30% from 2019 levels, our transaction activity during the year included approximately $2.1 billion in new investments and commitments. Dispositions of non-core assets totaled $340 million.

The key factors impacting returns were:

  • Very strong performance of our industrial and logistics portfolio
  • Increases in the value of our land holdings and developments in progress this year
  • Negative impacts on our Canadian retail holdings and our office portfolio

In 2020, HOOPP put several building blocks in place that will drive future growth as we continue to increase the scale and scope of our real estate portfolio. Examples include:

  • Commencement of over 5 million square feet of new development projects, with an estimated completion value of $1 billion
  • Entry into strategic partnerships with leading specialists in the apartment, student housing, and industrial sectors in the U.S. to drive growth in that market

HOOPP’s real estate portfolio includes these properties:

Brentwood Town Centre in Vancouver, Canada

Brentwood Town Centre
Vancouver, Canada

1 york street toronto

One York Street
Toronto, Canada

iport doncaster uk

iPort
Doncaster, UK

To learn more about the performance of HOOPP’s real estate portfolio, including our asset mix by region and product, see our 2020 Annual Report.

Healthy buildings for a healthy future

HOOPP is a global leader in sustainable real estate practices. We can make a positive difference through our global portfolio footprint – more than 50 million square feet of commercial, retail, residential and industrial real estate in more than 200 locations across Canada, the United States, the United Kingdom and Western Europe.

HOOPP has achieved recognition for its commitment to environmental sustainability standards in its real estate portfolio.

This has been accomplished through striving to achieve Leadership in Energy and Environmental Design (LEED®) certification on investments and developments, and by continually monitoring health and safety practices of all external property managers and contractors to ensure they are best-in-class.

HOOPP builds healthy, efficient and high-performing buildings that preserve the environment, while delivering quality products to its tenants and long-term value for its members.

As a major real estate owner and developer, HOOPP has a responsibility to improve sustainability performance in our portfolio and drive positive change in the industry. You can learn more about our sustainability commitments in our Real Estate Sustainability Policy.

2020 sustainability highlights

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HOOPP received the Real Estate Sustainable Strategy Award at the IPE Real Estate Global Awards 2020.


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HOOPP received Special Mention at the Reuters Events Responsible Business Awards 2020.


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The 9th annual LEAP Awards Ceremony continued our tradition of recognizing outstanding sustainability achievements by property management teams and tenants in HOOPP’s real estate portfolio.


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A new LEAP award, the Sustainable Fund Award, was introduced by HOOPP to recognize and influence sustainability performance in our indirect investments.


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HOOPP made notable progress on flood risk management by issuing follow-ups to evaluate efforts to strengthen flood resilience practices at over 20 high-value properties.

2020 Real Estate Sustainability Report

2019 HOOPP Real Estate Sustainability Report

The HOOPP Real Estate Sustainability Report reports on HOOPP’s sustainability strategy and performance in areas such as energy, waste, water, carbon emissions, as well as engagement with managers, tenants and other stakeholders to stakeholder engagement to foster sustainable business practices for the long term.

Download report

Find out more about HOOPP’s sustainable investing and our commitment to environmental sustainability initiatives.

This document provides a simplified overview of HOOPP's benefits based on the terms of the HOOPP Plan Text at the time of publication. From time to time, HOOPP may amend the HOOPP Plan Text. In cases where the information provided in this document differs from that contained in the HOOPP Plan Text, the HOOPP Plan Text will govern. More details, including the full HOOPP Plan Text and a complete description of the Plan and its benefits, can be found on hoopp.com.