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8 months ago
BRIEF-CPPIB to acquire 50 pct interest in office, retail portfolio in New Zealand
December 12, 2016 / 5:59 PM / 8 months ago

BRIEF-CPPIB to acquire 50 pct interest in office, retail portfolio in New Zealand

Dec 12 (Reuters) - Canada Pension Plan Investment Board

* Signed agreement to buy 50% interest in portfolio of prime office, retail properties in New Zealand from Public Sector Pension Investment Board

* at september 30, 2016, CPPIB's investments in global real estate totalled C$38.4 billion

* 50% interest is valued at NZ$580 million with an equity investment of NZ$230 million

* Public Sector Pension Investment Board will continue to hold remaining 50% interest in portfolio

* Canada Pension Plan Investment Board signs agreement to acquire 50% interest in office and retail portfolio in New Zealand Source text for Eikon:

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