CPPIB Digs Debt Knife into Intu Properties over Trafford Centre

Posted on 07/01/2020

In July 2017, Canada Pension Plan Investment Board (CPPIB), through its unit CPPIB Credit Investments Inc., provided a £250 million subordinated facility to Intu properties plc (intu). The subordinated facility backed intu’s corporate business plans and is indirectly secured by intu Trafford Centre in Manchester, U.K. Manchester’s intu Trafford Centre is a 1.9-million-square-foot super-regional, prime […]