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CPPIB targets C$1.4bn on distress realty

Posted on 31 October 2008

From Privateequityrealestate.net: The Canada Pension Plan Investment Board is setting aside C$1.4 billion ($1.17 billion; €903 million) to target distressed real estate opportunities in the US and UK. The C$127.7 billion pension fund would invest the money in addition to its existing real estate allocations, worth an estimated C$7.2 billion.

CPPIB is expected to commit the capital to opportunistic real estate funds, such as those run by The Blackstone Group and Morgan Stanley, with Graeme Eadie, senior vice-president of real estate investments, telling local Canadian media direct investment partners might also be considered….. Full Article: Source


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