Unibail sells German mall operator stake to CPPIB: Reuters
French real estate group Unibail-Rodamco said it has signed an agreement to sell a 46.1 percent stake in German shopping center operator mfi AG to the Canada Pension Plan Investment Board (CPPIB) for 394 million euros (US$450 million), Reuters reported. The move extends an existing German joint venture between Unibail and CPPIB created when Unibail took a stake in the CentrO shopping center in Oberhausen a year ago. The deal is expected to close in the third quarter.
15 May 2015•1 min read
