Kimco buys Florida real estate assets from CPPIB for $299 mln
U.S. real estate investment trust Kimco Realty Corp (NYSE: KIM) has acquired from Canada Pension Plan Investment Board the remaining 45 percent interest in the Oakwood Plaza shopping centre and the Dania Pointe development project. The gross price paid was US$299.2 million, including the assumption of US$100 million of mortgage debt. Oakwood Plaza and Dania Pointe are adjacent properties located in Hollywood, Florida.
11 April 2016•5 mins read
