The Canada Pension Plan Investment Board has committed 150 million euros ($219 million) to a bond secured on properties in Romania’s capital, Bucharest.
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“This investment aligns well with our strategy of providing customized, large-scale funding solutions to borrowers with excellent underlying real estate assets and strong management teams,” said Martin Healey, the CPPIB’s managing director and head of private real estate debt, in a news release about the bond purchase from Global Worth Real Estate Investment Ltd.
Cairn Capital is purchasing the remaining 30 million euros of the total 180-million-euro bond.
“We look forward to building our relationships with Cairn Capital and with Globalworth.”
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