Dutch, Canadian Pension Funds Buy Stake in Stratford City

Dutch pension fund APG and the Canada Pension Plan Investment Board have acquired a stake in London’s Stratford City development for roughly 871.5 million pounds ($1.39 billion), Reuters reported. The funds are buying the 50% stake in the retail development, which will be built next to the site of the 2012 Olympics, from Australian shopping-mall owner Westfield Group.

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