Second global investor join AMP Capital property portfolio

Tuesday, December 13th 2016, 11:14AM

AMP Capital has secured another North American pension fund investor, Canada Pension Plan Investment Board (CPPIB), as a 50% investor into its $1.1 billion New Zealand property portfolio.

CPPIB is partnering with current owner, Canadian pension investment manager Public Sector Pension Investment Board (PSP Investments), in the 13-asset portfolio.

The deal underlines institutional investor confidence in the New Zealand economy and property market.

Tags: AMP Capital

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