PSP Investments and Bridge Industrial Form UK Logistics Joint Venture
Posted on 05/06/2021
Bridge Industrial and the Public Sector Pension Investment Board (PSP Investments) formed a joint venture to acquire and develop logistics properties in the United Kingdom, targeting a portfolio value of £1 billion. This venture plans to have a build-to-core focus, including the acquisition and development of last-mile logistics assets within high-barrier infill submarkets in Greater London and the Midlands region.
Incepted in 2000, Bridge Industrial is a privately owned vertically integrated real estate operating company and investment manager.
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In mid-2020, Canada’s C$170 billion Public Sector Pension Investment Board (PSP) bought a 25% stake in Dairy Holdings, the company founded by Tauranga husband and wife team Colin and Dale Armer.
The sale of 399,900 shares to PSP-owned Sooke Investments was for an undisclosed sum.
Dairy Holdings has grown to more than $1b in assets, holding 59 dairy farms that produce about 17 million kg of milk solids from 50,000 cows. Established in 2001, it is the largest supplier and shareholder in Fonterra.
PSP Investments had been investing in the primary
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In mid-2020, Canada’s C$170 billion Public Sector Pension Investment Board (PSP) bought a 25%
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By Lewis McLellan
29 Apr 2021
PSP Capital, the debt issuance arm of Canada’s Public Sector Pension Investment Board, is planning a dollar benchmark its first international bond ever.
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