Canada Pension Plan Investment Board’s (CPPIB) CEO, David Denison, is seeking to buy commercial real-estate properties in U.S. in 2011, The Wall Street Journal reports. The Canadian fund completed a $3.4 billion acquisition of Australian toll-road operator, Intoll, at the end of last year.
The fund also invested $93 million in two office buildings in Washington, DC, and $69 million for a shopping center near Cologne, Germany. CPPIB oversees $140 billion in assets for Canada’s national pension plan.
Click here for the story from The Wall Street Journal.