The remaining shares of Prince George's Pine Centre Mall have just been purchased by the Canada Pension Plan Investment Board (CPPIB).
The pension plan had owned 80 per cent of the mall and when the transaction is complete it will be 100 per cent owned by the fund.
This deal is one of eight separate transactions totalling $335.5 million for stakes in eight shopping centres across the country, including the Hillside Centre in Victoria and other malls in Ontario and Quebec.
CPPIB has a real estate portfolio valued at $7.9 billion in late June, $3.6 billion of which comes from Canadian-based assets.
The CPPIB had total assets of $129.7 billion at the end of its last fiscal year, a 22.1 per cent improvement over the previous year.
from Western Investor, November 2010
