CPP Investment Board acquiring stake in second Spanish shopping mall for 311M

TORONTO — The Canada Pension Plan Investment Board is preparing to buy a half-interest in a Spanish shopping centre for the equivalent of about $311 million.The Toronto-based fund manager says the Puerto Venecia shopping centre in Zaragoza, Spain, would be owned by a new joint venture between the CPPIB and Intu Properties PLC.They already have a partnership through the Parque Principado shopping centre in Oviedo, Spain, which they acquired in October 2013.Intu owns and operates mostly U.K. retail and leisure properties and has been growing in the Spanish market.It bought Puerto Venecia in January for 451 million euros, or $623 million at current exchange rates. CPPIB will pay 225.4 million euros for a 50 per cent interest in the property.The CPPIB invests money on behalf of the Canada Pension Plan. As of March 31, it managed assets worth $264.6 billion.The Canadian PressCPPIB sees buying opportunities: WisemanCPPIB the new landlord for Uber, Square after acquiring stake in San Francisco headquarters read more

Cdn investors bought 23B in foreign securities in January StatsCan

Cdn investors bought $2.3B in foreign securities in January: StatsCan OTTAWA – Statistics Canada says Canadian investors added $2.3 billion of foreign securities in January, a fourth straight month of increases to their holdings.At the same time, the agency says, foreign investors acquired $1.1 billion of Canadian securities, led by equities.As a result, cross-border transactions in securities generated a net outflow of funds for a second consecutive month.Canadian acquisitions in the month focused on U.S. bonds and equities, but this activity was moderated by a reduction in Canadian holdings of U.S. money market instruments.Canadian investment in foreign bonds totalled $1.5 billion and was again led by U.S. government bonds.Foreign investors reduced their holdings of Canadian debt securities by $1.8 billion in January, following a $6.6 billion divestment in December. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by The Canadian Press Posted Mar 17, 2014 6:49 am MDT read more