09.07.2012 - CPPIB invests $1-bln in Sydney office towers
The Canada Pension Plan Investment Board is investing $1.04-billion in two office towers in Australia, the largest investment itís ever made in a single real estate project. The deal is part of a series of bets that Canadian institutional investors are placing on office towers amid the global financial crisis. Their aim is to secure towers in major cities, such as London, Toronto and Sydney, at a time when sluggish economic growth has taken a toll on the market...............................................Full Article: Source
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