CPPIB acquires interests in two Australian shopping malls
Canada Pension Plan Investment Board (CPPIB) has acquired interests in two Australian shopping centers through a A$436 million ($450 million) investment in AMP Capital Retail Trust. CPPIB now has a 37% stake in the trust, which in turn owns 50% of Macquarie Centre in Sydney and 80% of Pacific Fair Shopping Centre on the Gold Coast.
"The addition of these two assets expands our retail portfolio in Australia and represents a rare opportunity to acquire interests in two high quality and well located retail shopping centers with excellent...
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