Grosvenor Fund Management and the Canada Pension Plan Investment Board (CPPIB) have formed a joint venture partnership to invest up to £200 million in London’s West End office market over the next two years. CPPIB will invest £190 million in this venture and Grosvenor Fund Management will invest GBP 10 million and lead asset sourcing […]
The CPPIB is teaming with the Public Sector Pension Investment Board (PSP Investments), a Canadian crown corporation, and London-headquartered Apax Partners to buy Kinetic Concepts Inc. (KCI), a producer of wound care products, for US$6.3 billion, including debt. Kinetic of San Antonio, Calif., said this morning that the transaction is being made for $68.50 per […]
The CPPIB has acquired a 50% interest in Hong Kong Interlink from Goodman Group. Interlink is a 2.4-million-square-foot industrial facility currently under development near Hong Kong’s international airport. The facility is scheduled for completion in 2012. CPPIB paid approximately $285 million for the stake in the project and will make an equity commitment of $205 […]
The Canada Pension Plan Investment Board (CPPIB), along with a consortium including Allianz Capital Partners GmbH (Allianz) and the Abu Dhabi Investment Authority (ADIA) has entered into an agreement to acquire a 24.1% stake in the Gassled Joint Venture (Gassled) from Statoil ASA. “We are pleased to be part of the Consortium investing in Gassled, […]
The Canada Pension Plan Investment Board (CPPIB) continues to expand its overseas real estate holdings, with the purchase of a 50% joint venture interest in Northland Shopping Centre, in Melbourne, Australia. The 50% interest is being acquired from the Gandel Group, for A$455 million. The remaining 50% stake is held by Colonial First State Retail […]
The Canada Pension Plan Investment Board (CPPIB) has acquired a 50% joint venture interest in CentrO Oberhausen, a premier super-regional shopping and leisure centre in Germany, valued at EUR1.3 billion, from Stadium Group. CPPIB’s equity investment is EUR270 million. Stadium will retain its 50% interest in CentrO and will continue to manage the shopping centre. […]
Microsoft Corp.’s announcement that it has struck a deal for Skype Technologies worth US$8.5 billion is undoubtedly putting smiles on the faces of Canada Pension Plan Investment Board’s (CPPIB) investment professionals this morning, said a news report in the today’s Globe and Mail. CPPIB is part of an investor group that bought a 65% stake […]
Socially responsible assets in Canada dropped marginally to $531 billion as of June 30, 2010, compared with $579 billion in 2008, according to the biennial SRI review, released today by the Social Investment Organization. However, SRI still represents about one-fifth of total Canadian assets under management, about the same level as 2008. “SRI has held […]
Expanding the Canada Pension Plan (CPP) is a risky proposition that could actually hinder the plan’s performance, according to study released by the Fraser Institute. “The Canada Pension Plan is already so large that any expansion of the plan will increase the risk that the manager of the plan’s assets, the Canada Pension Plan Investment […]
