CPPIB inks $234 mln deal to back Chinese real estate development
Canada Pension Plan Investment Board (CPPIB) has entered into a new joint venture with Longfor Properties Company Ltd to support a mixed-use real estate development project in Suzhou, China. Formed last month, the joint venture will see CPPIB invest $234 million to jointly develop Suzhou's Times Paradise Walk project, which comprises residential, office, retail and hotel space. The project is scheduled to be completed in multiple phases between 2016 and 2019. In November 2014, CPPIB committed a further US$400 million to the Goodman China Logistics Holding joint venture to develop logistics properties across China.
12 January 2015•4 mins read
