Grosvenor Fund Management (GFM) and the Canada Pension Plan Investment Board (CPPIB) have formed a new partnership. The joint venture will invest up to £200 million in London’s West End office market for the next two years.
The Canadian pension fund will invest £190 million in the partnership, while GFM will invest £10 million and lead asset sourcing and management activities. The joint venture aims to target individual properties for up to £100 million.
Click here for the release from Market Wire.