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CPP invests $1.8bln in U.S. malls

Posted on 15 February 2012

The Canada Pension Plan Investment Board is making a whopping $1.8-billion investment in shopping malls in the U.S. with a new joint venture agreement with the Westfield Group in its biggest real estate deal to date.
The pension manager said Tuesday it will take a 45 per cent stake in the joint venture that will include interests in 10 regional malls and two redevelopment sites south of the border. Most of the properties are in California………………………………………..Full Article: Source


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