CPP takes more real estate

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CANADA - The Canada Pension Plan (CPP) has committed €400m (US$539.4m) to the ProLogis European Properties Fund II in an effort to build up its real estate allocation.

The CPP holding makes up 17% of the total value of the fund which acquires and manages diversified distribution facilities throughout Europe. As of 30 June 2007, CPP held 4.6% or C$5.5bn of its ...

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