CPPIB to provide $526 mln loan to expand Bellevue Collection

CPPIB Credit Investments, a subsidiary of the Canada Pension Plan Investment Board (CPPIB), has agreed to extend a US$526 million construction-to-permanent loan to Kemper Development Co. The financing will support the 1.5 million-square-foot expansion of the Bellevue Collection, known as the Lincoln Square Expansion. The property is a mixed-use development destination located in Bellevue, Washington.

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