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CPPIB extends reach in Brazil real estate market

Posted on 15 November 2012

The Canada Pension Plan Investment Board is extending its involvement in the Brazilian real estate market with a $343-million (U.S.) investment in joint partnerships to acquire two portfolios in the fast-growing South American country.
In the first joint venture, CPPIB said it has signed an agreement with Global Logistic Properties (GLP and the Government of Singapore Investment Corp. (GIC) to acquire a portfolio of five development projects in Brazil. CPPIB will own a 39.6-per-cent interest while GLP and GIC will own 41.3 per cent and 19.1 per cent, respectively………………………………………..Full Article: Source


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