Canadian pension fund invests in Hudson Yards

The Ontario Municipal Employees Retirement System plans to provide $475 million in equity to a $15 billion development slotted for Hudson Yards in New York -- perhaps its biggest indicator to date that it is keen on U.S. real estate. "This project is one of the best opportunities in America, in one of the last remaining great real estate parcels" in Manhattan, according to E.M. Blake Hutcheson, head of the fund's real estate arm, Oxford Properties Group.

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