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On Wednesday, the Canadian pension manager announced that it is to acquire a 37 per cent interest in AMP Capital Retail Trust, which owns 50 per cent of the Macquarie Centre in Sydney and 80 per cent of Pacific Fair Shopping Centre on Australia's Gold Coast.
Canada Pension Plan Investment Board (CPPIB) announced today that it has acquired interests in two prime Australian shopping centres through an equity investment of A$436 million (C$445 million) in AMP Capital Retail Trust (ACRT), a trust that owns 50% of Macquarie Centre in Sydney and 80% of Pacific Fair Shopping Centre on the Gold Coast.