CPPIB and Boston Properties form JV to develop office campus
Canada Pension Plan Investment Board and Boston Properties Inc have formed a joint venture to develop Platform 16, an urban office campus in San Jose, California. According to terms of this deal, CPPIB will have a 45 percent ownership stake in Platform 16 while Boston Properties will have a 55 ownership stake. This is the second joint venture between Boston Properties and CPPIB following the Santa Monica Business Park campus in Santa Monica, California in 2018. Boston Properties is a developer, owner and manager of U.S. office properties.
1 October 2019•4 mins read
