CANADA - The C$91.7bn Canada Pension Plan Investment Board (CPPIB) has purchased an 80% stake in two major shopping centres in Quebec worth a total of around C$1bn, taking its total real estate portfolio to over $4bn .
The CPP board said it would assume an 80% interest in Galeries de la Capitale in Quebec City and Carrefour de L'Estrie in Sherbrooke, while Osmington and Westerkirk Capital together assumed a total...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here