SWFI First Read, May 4, 2016

Cadillac Fairview to Spend C$ 21 Million in Redevelopment in CF Shops at Don Mills

Toronto-based Cadillac Fairview, the real estate investment arm of Ontario Teachers’ Pension Plan (OTPP), invested C$ 21 million in CF Shops at Don Mills, an urban outdoor shopping and entertainment destination in Toronto. The funds will be used to upgrade the open-air shopping destination, which opened in April 2009. The redevelopment project is expected to be completed in the spring of 2017. Cadillac Fairview has been wholly owned by OTPP since 2000.

1MDB to Dissolve its Advisory Board

Malaysia’s Ministry of Finance, the shareholder of 1Malaysia Development Bhd (1MDB), announced the advisory board will resign on May 31, 2016. Arul Kanda will remain as president of 1MDB.

IPIC’s Borealis Sees 86% Increase in 1Q2016 Net Profit

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