22.07.2009 - CalPERS in $1bln retail joint venture
From IPE: California Public Employees' Retirement System (CalPERS) has entered into a joint venture with First Washington Realty, which will purchase close to US$1bn (€700m) in retail real estate assets from Macquarie CountryWide Trust. The joint venture, Global Retail Investors (GRI), will acquire a 75% stake in a portfolio of 86 US properties from Macquarie CountryWide Trust, the balance of which is owned by Regency Centers.........Full Article (Subscription Required) : Source
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