The Canadian Pension Plan Investment Board (CPPIB) has added a 50% stake in the massive Centro Oberhausen shopping centre in Germany to its growing portfolio of real estate investments in Europe. CPPIB's equity investment in the EUR 1.3 bn 'super-regional' centre comes to EUR 270 mln.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
