CPPIB to co-invest in China rental housing with partner Longfor: Reuters
Canada Pension Plan Investment Board (CPPIB) has agreed to invest in China’s rental housing sector with local property developer Longfor Group, with an initial targeted investment of US$817 million, Reuters reported. The companies will invest in China across major cities—Tier 1 and core Tier 2—via developments, acquisition and master-lease of commercial assets to be converted into rental housing, CPPIB said in a statement. CPPIB and Longfor first started collaborating in 2014 with investments in retail malls and mixed-use projects.
12 July 2018•2 mins read
