CPPIB to buy U.S. REIT Parkway for $1.2 bln: Reuters
Canada Pension Plan Investment Board said it would buy Houston-based real estate investment trust Parkway Inc for US$1.2 billion, its second significant U.S. investment this week, Reuters reported. Parkway, in which U.S. private equity firm TPG Capital has a 9.8 percent stake, said it owned 19 Houston office properties totaling about 8.7 million square feet. On Wednesday, CPPIB agreed to invest up to US$1 billion to buy oil and gas assets in the United States in a partnership with Encino Energy Ltd. The pension fund is most heavily invested in the United States, which accounts for about 39 percent of its $317 billion of assets.
30 June 2017•2 mins read
