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Canada Pension Plan Investment Board Acquires Stake In Bullring Shopping Centre, Birmingham From Hammerson PLC

Friday, 3 May 2013 07:00am EDT 

Canada Pension Plan Investment Board announced that it has formed a new 50%/50% joint venture with Hammerson to acquire a 33.3% stake in Bullring Shopping Centre for GBP307 million from the Future Fund. The ownership of Bullring is now held 50% by Hammerson (this 16.7% is in addition to 33.3% existing stake), 16.7% by CPPIB and 33.3% by the Henderson Shopping Centre Fund. CPPIB has a small indirect interest in Bullring through investment in the Henderson Shopping Centre Fund. 

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