cppib news and archive

Hammerson sells half of Grand Central Birmingham

Property firm Hammerson has formed a joint venture with the Canada Pension Plan Investment Board and sold half of the Grand Central Birmingham for 175 million pounds. The shopping centre, which opened last September is home to John Lewis, Fat Face, Hobbs and Monsoon, and features more than 435,000 square foot of retail space. Only last month did...

Design

Neiman Marcus sold for 6 billion dollars

US luxury retailer Neiman Marcus will have not one but two new owners soon. Los Angeles-based investment advisor Ares Management and global investment management organization Canadian Pension Plan Investment Board (CPPIB) announced yesterday that they will buy the upscale department store chain for 6 billion US dollar and will hold an equal...