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CPPIB, GFM Set Up £200M Property JV

Grosvenor Fund Management (GFM) and the Canada Pension Plan Investment Board (CPPIB) have formed a new partnership.

    Grosvenor Fund Management(GFM) and the加拿大退休金计划投资委员会(CPPIB) have formed a new partnership. The joint venture will invest up to £200 million in London’s West End office market for the next two years.

    The Canadian pension fund will invest £190 million in the partnership, while GFM will invest £10 million and lead asset sourcing and management activities. The joint venture aims to target individual properties for up to £100 million.

    Click here for the release fromMarket Wire.

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