CPPIB, AIMCo to partner in $1 bln U.S. logistics joint venture
Canada Pension Plan Investment Board (CPPIB) and Alberta Investment Management Corp (AIMCo) have agreed to back a joint venture that will acquire industrial properties in key U.S. logistics markets. The joint venture, which is being formed in partnership with WPT Industrial Real Estate Investment Trust (REIT), a Toronto-based investor in U.S. warehouse and distribution assets, will seek to deploy up to US$1 billion. CPPIB and AIMCo will each own a 45 percent stake in the joint venture. WPT Industrial REIT will hold the remaining interest and manage the acquired properties.
31 July 2018•4 mins read
