CPP Investments acquires stake in Bullring Shopping Centre

On May 3, 2013, CPP Investments announced that it formed a new 50/50 joint venture with Hammerson to acquire a 33.3% stake in the shopping centre from the Future Fund for £307 million.

The ownership of Bullring is now held 50% by Hammerson (this 16.7% in addition to its 33.3% existing stake), 16.7% by CPP Investments and 33.3% by the Henderson Shopping Centre Fund. CPP Investments has a small indirect interest in Bullring through its investment in the Henderson Shopping Centre Fund.

Further information can be found on CPP Investments’ website.

Located in Birmingham's city centre, Bullring is one of the U.K.’s top ten retail destinations with 167 tenants including high-quality fashion and catering brands. Anchored by Selfridges and Debenhams, it is over 99% leased and attracts some 40 million shoppers per year.

CPP Investments is a professional investment management organization that invests the funds not needed by the Canada Pension Plan to pay current benefits on behalf of 18 million Canadian contributors and beneficiaries. At December 31, 2012, the CPP Fund totalled C$172.6 billion of which C$19.2 billion represents real estate investments.

Hammerson owns, operates and develops sustainable prime urban real estate, creating vibrant, continually evolving spaces, in and around thriving European cities, with a focus on flagship retail destinations and premium outlets.

Future Fund is Australia’s sovereign wealth fund, investing for the benefit of future generations of Australians.