Canada's pension fund acquires German shopping centre

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CANADA/GERMANY - The Canada Pension Plan Investment Board (CPPIB) has teamed up with LaSalle Investment Management to buy Germany's Hürth Park shopping centre for €157.3m ($219.2m).

CPPIB will acquire an 80% share while the LaSalle fund will hold the remaining 20%. The centre previously belonged to the open-ended property fund Degi Europe, which is managed by Aberdeen Immobili...

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