Canada Pension Plan Investment Board (CPPIB) has acquired a 50% interest in seven large office buildings in downtown Toronto and Calgary for about $1.18 billion from Oxford Properties, the real estate arm of Ontario Municipal Employees Retirement System (OMERS).
Oxford will continue to manage the properties following the major recapitalization of the 4.2 million-square-foot portfolio. The properties include the 2.4 million-square-foot Richmond...
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