This content is from:APP亚博娱乐
CPPIB Buys $733M German, U.S. Mall Stakes
The Canada Pension Plan Investment Board has bought stakes worth about $733 million in shopping malls located in the U.S. and Germany.
The加拿大退休金计划投资委员会(CPPIB) has bought stakes worth about $733 million in shopping malls located in the U.S. and Germany,The Wall Street Journalreports. CPPIB paid $350 million to institutional investors, advised byJP Morgan Asset Management, for a 36.9% stake in a portfolio of malls in the New England area.
Simon Property GroupandTeachers Insurance and Annuity Associated - College
Retirement Equities Fundwill retain their existing interests of 49.1% and 14% stakes. As part of the German deal, CPPIB paid $383 million toStadium Groupfor a 50% stake in a shopping centre located the city of Oberhausen. Stadium will retain its 50% stake in the shopping center and will continue to manage it.
Click here for the story fromThe Wall Street Journal.