CPPIB forms joint venture for US shopping mall investment

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CANADA/US - Canada Pension Plan Investment Board CPPIB) has entered a joint venture with General Growth Properties to acquire a stake in two US shopping malls.

CPPIB will partner with GGP to buy Plaza Frontenac in St. Louis, Missouri, with GGP taking a 55% share and CPPIB holding the remaining 45%. As part of the deal, the pension fund will also take a 26...

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