CPPIB Forms Real Estate JV with Mitsubishi Estate for Japanese Property Assets
Posted on 12/24/2021
Canada Pension Plan Investment Board (CPP Investments) announced a commitment of JPY 19 billion (C$205.6 million) to a joint venture with Mitsubishi Estate Co., Ltd (Mitsubishi Estate), a major Japanese real estate developer, to pursue investments in commercial and residential assets in Japan. The joint venture will be managed by Mitsubishi Jisho Investment Advisors, a wholly-owned subsidiary of Mitsubishi Estate and one of the largest real estate fund managers in Japan with assets under management worth JPY 920.1 billion.
Established in 1937, Mitsubishi Estate specializes in development, leasing, and management of office buildings, retail, logistics, hotel, and residential properties.
