|
contents | business | |||||||||
| GGP, Canada Pension Plan Investment Board acquire Plaza Frontenac U.S. mall owner General Growth Properties, Inc. and Canada Pension Plan Investment Board announced a joint-venture partnership to acquire Plaza Frontenac. As part of the transaction, CPPIB also will invest in GGP's Saint Louis Galleria. The joint venture will maintain ownership in the two high profile malls in the St. Louis metropolitan area. Under the joint venture, GGP will own a 55% interest and CPPIB will own a 45% interest in Plaza Frontenac. CPPIB's acquired interest in Saint Louis Galleria will be 26%. write your comments about the article :: © 2011 Construction News :: home page |