Deals
Canada Pension’s Denison Sees Good Pricing for Manhattan Deals
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Canada Pension Plan Investment Board Chief Executive Officer David Denison said he expects to complete more commercial real estate transactions after the fund made its first investment in the Manhattan market.
Canada’s second-biggest manager of retirement funds agreed in May to buy a 45 percent stake in 1221 Avenue of the Americas from SL Green Realty Corp. for about $576 million including debt. It also worked with SL Green to buy a 45 percent stake in 600 Lexington Ave. for about $87 million.