SAO PAULO, BRAZIL and TORONTO, ONTARIO — (Marketwired) — 10/27/14 — Canada Pension Plan Investment Board (CPPIB) announced today the significant expansion of its real estate portfolio in Brazil with additional equity commitments to logistics and retail assets totalling approximately R$1.0 billion (C$445 million). CPPIB–s commitments to real estate investments in Brazil now total more than R$4.3 billion (C$2.0 billion).
“Since making our first real estate investment in Brazil in 2009, CPPIB has become one of the largest investors in the sector with ownership interests in logistics, retail, office and residential assets or developments,” said Peter Ballon, Managing Director & Head of Real Estate Investments – Americas. “Over the past 10 months, we deepened relationships with our key partners to commit additional equity in high-quality real estate assets that are important additions to our diversified Brazilian portfolio. Our team of real estate professionals based in our recently opened Sao Paulo office continues to pursue attractive investment opportunities in the region.”
Logistics properties
Retail acquisition
In total, CPPIB–s real estate portfolio in Brazil includes interests in more than 100 logistics, retail, office and residential properties totalling more than 5 million square metres (54 million square feet), including development assets.
“Brazil remains a key market for CPPIB over the long term and we will continue to seek attractive investment opportunities through our existing partnerships with top-tier local partners while we continue to build our local presence in Sao Paulo,” said Mr. Ballon.
About Canada Pension Plan Investment Board
Canada Pension Plan Investment Board (CPPIB) is a professional investment management organization that invests the funds not needed by the Canada Pension Plan (CPP) to pay current benefits on behalf of 18 million Canadian contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, CPPIB invests in public equities, private equities, real estate, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in Hong Kong, London, New York City and Sao Paulo, CPPIB is governed and managed independently of the Canada Pension Plan and at arm–s length from governments. At June 30, 2014, the CPP Fund totalled C$226.8 billion of which C$24.6 billion represented real estate investments. For more information about CPPIB, please visit .
Contacts:
CPP Investment Board
Linda Sims
Director, Media Relations
(416) 868-8695