CPPIB completes $128 mln purchase of Assiniboia's farmland portfolio
Assiniboia Farmland LP has announced the close of the previously-announced sale of its farmland assets portfolio to Canada Pension Plan Investment Board (CPPIB) for $128 million. The portfolio, which will continue to be managed by the existing management team, includes about 115,000 acres of farmland located throughout Saskatchewan. CPPIB in 2012 launched its agriculture investment program, which will initially focus on farmland opportunities in Canada, the United States, Australia, New Zealand and Brazil. Founded in 2005, Assiniboia Farmland LP is a Regina, Sask.-based farmland investment fund.
13 January 2014•3 mins read
