TORONTO (Reuters) - Canada Pension Plan Investment Board, fresh from striking its biggest real estate deal ever, is weighing three or four other acquisitions as it looks to scoop up undervalued assets in a tumultuous global property market.
CPPIB struck three major real estate investments in the last month. It is part of a joint venture that agreed a $4.8 billion deal to buy a U.S. regional mall portfolio from Australia's Westfield Group (WDC.AX: Quote). CPPIB paid $1.8 billion for its stake, its biggest bet ever on real estate.
Also this week CPPIB said it would join forces with one of Britain's top commercial property companies, Land Securities Group (LAND.L: Quote), to develop land in Victoria Circle in London's West End.
Eadie wouldn't give specifics about any deals in the pipeline except to say he was keeping busy.
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