Canada Pension Plan Investment Board (CPPIB) will acquire a 50% stake in the retail complex, CentrO, in Germany, Bloomberg reports. CPPIB will buy the stake from property developer, Eddie Healey, for about €700 million. Apple is one of the tenants at the shopping complex. Healey and investment partner Peninsular & Oriental Steam Navigation bought the CentrO site in 1991. P&O sold its remaining stake in the development in 2001. CPPIB holds properties worth €6.8 billion, about 6.6% of its total assets.

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