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Article: CPP Investment Board and Osmington Purchase Seventh Canadian Regional Shopping Centre.
- Article from:
- Business Wire
- Article date:
- October 4, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO -- The CPP Investment Board and Osmington Inc. today announced the purchase of White Oaks Mall, a dominant regional shopping centre in London, Ontario.
The White Oaks Mall is a mature 660,000 square foot shopping centre anchored by Wal-Mart and The Bay and supported by 180 stores. The purchase includes a three building mixed office and retail complex located adjacent to the shopping centre. The total purchase price is approximately $183 million.
The purchase of White Oaks Mall is included in the CPP Investment Board's additional commitment of $250 million to the value-added fund co-invested with Osmington. This brings the total commitment to ...