Canada pension board expands to NZ with $417m realty deal

Canada pension board expands to NZ with $417m realty deal

Canada Pension Plan Investment Board website.

Canada Pension Plan Investment Board (CPPIB) has acquired 50 per cent interest in a diversified real estate portfolio in New Zealand for $417 million from pension investment manager PSP Investments, a move that will see the CPPIB’s already growing presence in Asia Pacific spread to the Kiwi-nation.

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