CPPIB to Jointly Acquire Shopping Center in Stockholm
Posted on: December 20, 2012 by Connie LoizosNo Comments »
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)
