Business News • MarketWire • CPP Investment Board Advances U.S. Real Estate Strategy with Acquisition of Interest in 13 Regional Shopping Malls in New England

CPP Investment Board Advances U.S. Real Estate Strategy with Acquisition of Interest in 13 Regional Shopping Malls in New England

CPP Investment Board Advances U.S. Real Estate Strategy with Acquisition of Interest in 13 Regional Shopping Malls in New England

TORONTO, ONTARIO--(Marketwire - May 13, 2011) - The CPP Investment Board (CPPIB) announced today that it has acquired a 36.9% interest in the Mayflower partnership from institutional investors advised by JP Morgan Asset Management, for a total equity investment of US$350 million. The Mayflower partnership owns a portfolio consisting of 13 regional malls located in the United States mostly throughout the New England area. In aggregate, the portfolio has a total value of approximately US$2.03 billion.

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