31.10.2008 - CPPIB eyes property bargains in U.S., U.K.
From Theglobeandmail.com: The Canada Pension Plan Investment Board has set aside at least $1.4-billion to hunt for bargains in the top-quality office and retail property sectors in the United States and Britain. In addition to this capital, which will be invested in opportunistic real estate funds run by managers including Blackstone Group and Morgan Stanley, the CPPIB is also searching for direct investments, said Graeme Eadie, senior vice-president of real estate investments at the CPPIB..... Full Article: Source