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| Home : Cairn Capital and Canada Pension Plan Investment Board Enter Into Agreement With Globalworth Real Estate Investments Ltd. |
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May 31
2016 |
Cairn Capital and Canada Pension Plan Investment Board Enter Into Agreement With Globalworth Real Estate Investments Ltd. |
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LONDON, UNITED KINGDOM and TORONTO, ONTARIO--(Marketwired - May 31, 2016) - Cairn Capital, through its newly formed European Commercial Mortgage Fund (Cairn), and Canada Pension Plan Investment Board (CPPIB), through its wholly owned subsidiary, CPPIB Credit Investments Inc. (CPPIB Credit), today announced they have signed a commitment to purchase a EUR180 million bond secured on properties owned by Globalworth Real Estate Investments Ltd. (AIM:GW) (Globalworth). CPPIB Credit will acquire EUR150 million of the bond, with funds managed by Cairn Capital purchasing the remaining EUR30 million. The bond is secured by prime real estate assets in Bucharest, Romania and is a single tranche transaction, listed on the Channel Islands Stock Exchange. |
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| Source:http://www.marketwired.com/mw/release.do?id=2129507&sourceType=3 |
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