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 often 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 (i.e. office, retail, industrial, etc.), so that the portfolio risk is diminished; this now includes a portion of the asset base invested in non-domestic properties and funds.
  • Augment the performance of the portfolio through development of new buildings. In this way, any created value remains with the Fund and its members.
Real estate investment strategies

Healthy buildings for a healthy future

HOOPP is a global leader in sustainable real estate practices. We can make a difference through our global portfolio footprint – more than 44 million square feet of commercial, retail, residential and industrial real estate in more than 190 locations across Canada, the United States and 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 read more about our sustainability commitments in our Real Estate Sustainability Policy. 

2019 sustainability highlights

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HOOPP's building at 4711 Yonge Street in Toronto was presented the National Green Building Excellence Award by the Canada Green Building Council in the Existing Building category.


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The IPE (Investment & Pensions Europe) Real Estate Global Awards presented HOOPP with the Real Estate Sustainable Strategy Award.


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Introduced a new Community Impact Award as part of our annual Leadership in Environmental Advancement Program (LEAP).


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Refreshed our Pillar Scorecard to sharpen our sustainability focus.


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Reduced energy consumption in our real estate portfolio by 3%.

2019 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

Portfolio highlights

In 2019, the HOOPP Real Estate portfolio produced a return of 8.35% on a currency hedged basis.

At year end, the portfolio was valued at $14.6 billion on a gross market value basis versus $14.3 billion at the end of 2018. Transaction activity during the year included approximately $877 million in new investments or investment commitments, offset by $680 million in property sales.

Recent activities position the Real Estate portfolio well for future positive returns, including:

  • the continued growth of the residential property portfolio;
  • the continued growth of the Canadian industrial portfolio, with 2.2 million square feet of industrial development underway;
  • the sale of several non-core properties;
  • substantial leasing of major North American office developments with our four key developments now over 60% preleased; and
  • smoothing the portfolio’s debt maturity profile and reducing the average interest rate by capitalizing on favourable credit markets by refinancing/renewing $400 million of debt.

Brentwood Town Centre in Vancouver, Canada

Brentwood Town Centre
Vancouver, Canada

1 york street toronto

1 York Street
Toronto, Canada

iport doncaster uk

iPort
Doncaster, UK

Find out more about HOOPP’s responsible 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.