CPPIB commits $200 mln to first phase of Edmonton industrial site
Canada Pension Plan Investment Board (CPPIB) has partnered with real estate companies WAM Development Group and Walton Group of Companies on a joint venture to develop a 250-acre industrial site in northwest Edmonton, Alberta. Henday Industrial Park, which will house about four million square feet of distribution and logistics warehousing, is to be developed by WAM and Walton in two phases beginning this summer. CPPIB is initially committing around $200 million for phase one, which represents an 85% interest in the joint venture.
7 May 2014•4 mins read
