CPPIB acquires stake in British shopping centre for $350 mln
Canada Pension Plan Investment Board (CPPIB) has agreed to acquire an interest in Grand Central Shopping Centre, a British regional shopping space. CPPIB acquired the stake for £175 million ($350 million) in a 50:50 joint venture with British property development and investment firm Hammerson. Grand Central, which opened in September 2015, provides 435,000 square feet of retail space in Birmingham, the United Kingdom's second largest city.
16 February 2016•2 mins read
