New investment by the Canada Pension Plan Investment Board (CPPIB) in India will result in new developments and undertakings, the board reports.
The board has invested an additional C$185 million into the Island Star Malls Developers Pvt. Ltd., the strategic investment platform it co-owns with The Phoenix Mills Limited (PML). The “second tranche” of investment takes the board’s ownership to 49 per cent.
“The investment platform we’ve created with The Phoenix Mills Ltd. is executing well, and we are pleased to fund the second tranche of the commitment that will allow us to further expand our retail-focused investment platform,” Andrea Orlandi, Managing Director, Head of Real Estate Investments – Europe, CPPIB, is quoted saying.
“Through this platform, we have identified strategic assets over the last 12 months that will help us expand our retail portfolio in India, allowing CPPIB to participate in the growing retail sector in India.”
More: Investment opportunities being explored.

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