CPP buys stake in Scottish mall

 

 
 
 

The Canada Pension Plan Investment Board, which bought a troubled Scottish shopping mall yesterday, said more high-quality real estate would likely come available in key markets in the coming year. The real estate arm of the CPP Investment Board and Hammerson PLC, an Anglo-French property investor, bought the Silverburn shopping centre near Glasgow from receivers for 297 million British pounds ($505 million Cdn) in a 50/50 joint venture.

 
 
 
 
 
 
 

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