Canadian pension fund buys into AMP Capital-run NZ property portfolio

Mon, 12 Dec 2016

By Paul McBeth Dec. 13 (BusinessDesk) - The Canada Pension Plan Investment Board, which invests some C$300 billion of assets to help fund the North American nation's pension plan, has bought half of a NZ$1.1 billion property portfolio managed by Australasian fund manager AMP Capital. The CPPIB has taken a 50 percent stake of the portfolio made up of 13 properties, with the remainder owned by Canada's Public Sector Pension Investment Board, which bought it from AMP Capital in 2014. When PSP Investment bought the portfolio, it was made up...

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