CPPIB Plans for More Real Estate
May 29, 2009
The Canada Pension Plan Investment Board (CPPIB) is eyeing additional real estate investments as declining values are making the market more attractive, Graeme Eadie, senior VP of real estate has reportedly announced.
A Bloomberg News notes that investments within the U.S., U.K. and Australia are particularly on the plan’s radar.
The C$105.5 billion will seek out opportunities in real estate, infrastructure projects and private debt, Eadie said in a conference call. The goal is to generate long-term returns to help fund the pension plan, which experienced a 19% drop in the year ending March 31.
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