CPP buys real estate from OMERS property arm

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CANADA - The Canada Pension Plan Investment Board (CPPIB) has acquired a 50% stake in a portfolio of commercial real estate portfolios owned by Oxford Properties Group, an Ontario Municipal Employees Retirement System (OMERS) company, for CAN$1bn.

The national portfolio comprises 11 commercial properties in Calgary, Edmonton, Montreal, Ottawa, Toronto and Vancouver. Oxford Properties, OMERS’ global real estate investment platform, has retain...

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