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CBRE crunches numbers on $852m Canadian deal.

CB Richard Ellis announced that it has advised The Canada Pension Plan (CPP) Investment Board on an $852 million investment in an 11-property office portfolio. CPP purchased a 50 percent stake in the properties from Oxford Properties Ltd., a subsidiary of the Ontario Municipal Employment Retirement Board. This property investment marks the largest transaction ever executed in Canada by CB Richard Ellis.

The Oxford portfolio includes prominent Class A buildings across Canada, including Calgary's Canterra Tower, Montreal's Place de la Cathedrale, Edmonton's Bell Tower, Toronto's Royal Bank Plaza and WaterPark Place, and Ottawa's Constitution Square.

CB Richard Ellis completed the transaction through a coordinated effort involving multiple business lines in Canada, including leasing, investment sales and research, as well as support from the company's Global Investment Properties Group.
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Title Annotation:CB Richard Ellis advises Canada Pension Plan Investment Board's investment in Oxford Properties Ltd.
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Aug 3, 2005
Words:128
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