Canada's CPP Investment Board has invested CAD$570 mln (EUR 396 mln) in Prologis European Fund II, a vehicle that buys and manages distribution facilities in Europe. The investment by Canada's second-largest pension fund manager represents about 17% of the Prologis fund.
Canada's CPP Investment Board has invested CAD$570 mln (EUR 396 mln) in Prologis European Fund II, a vehicle that buys and manages distribution facilities in Europe. The investment by Canada's second-largest pension fund manager represents about 17% of the Prologis fund.
'This investment supports the CPP Investment Board's focus to geographically diversify its real estate portfolio with further investments in continental Europe and selected markets in Central and Eastern Europe,' said Graeme Eadie, CPP's senior vice-president of real estate investments. CPP manages a total of CAD $113.7 bn.
