CPPIB and Cyrela form Brazilian real estate JV
Canada Pension Plan Investment Board and Cyrela Brazil Realty have agreed to form a joint venture to develop a portfolio of residential real estate across select neighborhoods in São Paulo, Brazil. The JV will invest up to $358 in combined equity. CPPIB will own an 80 percent stake in the JV while Cyrela will own the remaining 20 percent stake.
8 November 2019•3 mins read
