This week in asset owner history: CPPIB looks to increase property exposure in China
In 2016, signals were clear that the Canadian pension fund would likely continue investing in Chinese and other Asian real estate markets. Six years on, its overall exposure to the region has grown significantly.
In November 2016, the Canada Pension Plan Investment Board (CPPIB) paid $162 million to Malaysian property group Pavilion for a 40% stake in a retail mall in the northeastern Chinese city of Dalian.
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