CPPIB Buys 50% Stake in Milton Park from Hermes Investment Management
Home to over 9,000 people and 250 organizations, Milton Park is in the Thames Valley region of the United Kingdom. Milton Park is a large business park that is managed by its developer MEPC Limited. Hermes Investment Management (Hermes) sold a 50% equity ownership stake in Milton Park to the Canada Pension Plan Investment Board (CPPIB) for approximately £200 million. MEPC Limited will continue to manage the property on behalf of the new owner. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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