CPPIB buys interest in second Spanish shopping centre for $312 mln
The Canada Pension Plan Investment Board (CPPIB) has formed a new joint venture with U.K. shopping centre owner and manager Intu Properties plc to jointly hold the Puerto Venecia shopping centre in Zaragoza, Spain. CPPIB will take a 50 percent interest in the property valued at EUR 225.4 million ($311.6 million). The transaction adds to the existing partnership between CPPIB and Intu, which began through their joint acquisition of the Parque Principado shopping centre in Oviedo, Spain in October 2013.
2 June 2015•4 mins read
