CPPIB and Oxford Properties build new RBC headquarters

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CANADA - CPP Investment Board (CPPIB) and Oxford Properties, the real estate arm of the Ontario Municipal Employees Retirement System, have teamed up to build the Royal Bank of Canada's new Toronto headquarters.

The development is a 50-50 joint venture between both pension fund managers in which Oxford will oversee all aspects of the development and management of the property. Oxford Properties president and...

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