Davies is acting for Canada Pension Plan Investment Board (CPPIB) in connection with its announced agreement to form a joint venture with the Westfield Group. The joint venture will consist of interests in 10 regional malls and two redevelopment sites located in the United States that are currently owned and managed by Westfield and have a total gross value of US$4.8 billion. CPPIB's equity investment will be US$1.8 billion representing a 45% interest in the joint venture. The transaction is expected to close during the first quarter of 2012.
The Davies team includes Greg Howard, Gerald Shepherd, Peter Glicklich, Daniela Liscio, Gabriella Lombardi, Megan Grandinetti, David Reiner, Christopher Lankin and Pawel Mielcarek.