By

The Canadian Pension Plan Investment Board (CPPIB) is buying 50 per cent of Milton Park from Hermes Investment Management (Hermes) for about £200 million, according to a release posted t0 the Canadian Business Journal.
“Located in the Thames Valley region of the U.K., Milton Park accommodates leading global science and technology companies as well as emerging businesses, including a number of spin-off organisations from the nearby University of Oxford. At 250 acres, Milton Park is one of Europe’s largest and most successful integrated business, science and technology parks and home to over 250 organisations employing over 9,000 people,” states the release.
“This transaction provides CPPIB with a further opportunity to grow our existing relationship with Hermes, one of our key strategic partners. MEPC, our asset and development manager on Wellington Place has a strong track record in developing and transforming major real estate projects,” Andrea Orlandi, Managing Director and Head of Real Estate Investments Europe, CPPIB, is quoted saying.
“We see significant future growth potential at Milton Park as it continues to build on its attractiveness to the life-science sector – a major pillar of the thriving Oxford economy.”
More: Added support of CPPIB will accommodate expansion.

ARIA provides a forum for an informed discussion on retirement income adequacy, and other related issues, including pension and retirement coverage, and defined benefit pension plans – ARIA pensions blog, 12 Dunlop Street, Barrie, ON, L4N 1V6 – sitemanager@ariapensions.ca

About the Author

Hi. I am an experienced writer, editor, blogger and communications strategist, providing online and print content solutions