Rents rise but profit falls for pension funds' property vehicle
The company is owned by the Canadian Public Sector Pension Investment Board and the Canadian Pension Plan Investment Board.
PSPIB/CPPIB Waiheke Inc sold 51-53 Shortland Street to Sir Robert Jones' company in 2023.
The profit of a local property vehicle owned by a pair of Canadian pension funds has plunged as its bottom line was impacted by two one-off items.
PSPIB/CPPIB Waiheke Inc, which is the locally registered company for the Canadian Public Sector Pension Investment Board and the Canadian Pension Plan
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