CPPIB and Hudson Pacific Properties acquire Seattle office tower
Canada Pension Plan Investment Board and Hudson Pacific Properties Inc (NYSE: HPP) have acquired Hill7, a Seattle, Washington office tower. The price of the transaction is about US$180 million. According to the terms of the deal, CPPIB will own a 45 percent stake in the joint venture, while Hudson Pacific will own a 55 percent stake. Hudson Pacific will also assume responsibility for property management, leasing and construction.
10 October 2016•4 mins read
