CPPIB provides $408 mln sub-debt facility to intu Properties
The credit affiliate of Canada Pension Plan Investment Board has agreed to provide a subordinated facility of about $408 million (£250 million) to intu Properties plc, a British owner, manager and developer of regional shopping centres. The facility will support the company's business plans and is indirectly secured by intu Trafford Centre, a 1.9-million-square-foot shopping centre in Manchester, United Kingdom. CPPIB and intu have joint ownerships in shopping centres in Spain, including intu Asturias in Oviedo and Puerto Venecia in Zaragoza.
27 July 2017•4 mins read
