CPPIB sells partial interest in Australian shopping centre to GPT
GPT Wholesale Shopping Centre Fund, a subsidiary of Australian real estate investment trust GPT Group has agreed to acquire a 50 percent interest in Northland Shopping Centre from Canada Pension Plan Investment Board (CPPIB). The transaction, which is expected to be completed in April, is valued at A$496 million. Northland Shopping Centre is a super regional centre co-owned by CFS Retail Property Trust Group, and is located near Melbourne, Australia.
27 March 2014•2 mins read
