Canada Pension Plan Investment Board (CPPIB) is jointly acquiring Kista Galleria Shopping Centre in Stockholm, Sweden alongside Citycon Oyj, an owner and operator of shopping centers in the Nordic and Baltic countries. The transaction is based on a property value of approximately SEK 4.6 billion (C$691 million). Kista Galleria will be owned by a joint venture company controlled 50% by CPPIB and 50% by Citycon. CPPIB’s equity investment will be approximately SEK 1.18 billion (C$177 million)
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Mick Lopez has joined VC-backed Aricent Group as its new chief financial officer. Previously, he worked at Cisco Systems as vice president of corporate finance and operations. The Aricent Group is based in New Jersey, and backed by Kohlberg Kravis Roberts & Co., Sequoia Capital, The Family Office, Delta Partners, and the Canadian Pension Plan Investment Board.