Canada Pension Plan Goes Nordic
Courtesy Globe & Mail:
“Canada Pension Plan Investment Board has struck a deal for its first real estate investment in the Nordic region.
CPPIB is teaming up with Citycon Oyj to jointly acquire Kista Galleria Shopping Centre in Stockholm, Sweden.
The transaction is based on a property value of about $691-million.
Kista is to be owned by a joint venture company that is controlled 50/50 by CPPIB and Citycon.”
Click HERE to read the full article.
Click HERE for the Kista Galleria website.