CPPIB's Asia real estate head talks strategy

Jimmy Phua tells FinanceAsia about the fund's latest investment, its reliance on long-term partners and its plans for the coming years.

CPPIB's Asia real estate head talks strategy

The Canada Pension Plan Investment Board's latest investment in a Chinese shopping mall is part of a broader bet on the rising long-term value of property used by the country’s burgeoning middle class. 

On October 20, CPPIB said it had bought 49% of a shopping mall joint venture alongside China’s Longfor Properties. It paid C$193 million $146.4 million for the stake.

The mall, West Paradise Walk, is in Chongqing one...

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