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Canada Pension Plan agrees $5bln mall acquisition with Westfield

Posted on 17 February 2012

Canada Pension Plan Investment Board (CPPIB) has agreed to a nearly $5bn (€3.8bn) joint venture with Westfield that will see it acquire a portfolio of 10 malls in its largest single real estate transaction.
The agreement, covering 10 regional malls as well as two redevelopment sites in the Australian company’s US portfolio, comes at the same time as the Canadian scheme entered a 50:50 joint venture with Land Securities to develop a retail, office and residential site in central London………………………………………..Full Article: Source


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