{"id":637777,"date":"2026-10-22T07:28:18","date_gmt":"2026-10-22T07:28:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/637777\/"},"modified":"2026-10-22T07:28:18","modified_gmt":"2026-10-22T07:28:18","slug":"public-sector-pension-board-forms-joint-venture-with-nuveen-to-invest-in-u-s-shopping-centres","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/637777\/","title":{"rendered":"Public-sector pension board forms joint venture with Nuveen to invest in U.S. shopping centres"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

The Canada flag flies atop the Peace Tower on Parliament Hill. PSP Investments invests for the pension plans of public-sector employees.Sean Kilpatrick\/The Canadian Press<\/p>\n

The Public Sector Pension Investment Board has signed a deal to launch a joint venture with Nuveen Real Estate JRS-N<\/a> to invest in open-air shopping centres in the United States.<\/p>\n

The partnership is starting with a US$790-million portfolio.<\/p>\n

PSP Investments says the strategy is demographically driven, focusing on open-air shopping centres anchored by grocers, necessity-based retailers, and essential services.<\/p>\n

It is targeting U.S. metro areas with strong population growth, rising household incomes and high barriers to entry, where retailers are seeking to expand.<\/p>\n

To date, PSP Investments and Nuveen say they have closed deals on 19 assets in Virginia, Arizona, Florida, Minnesota, Texas, California, Colorado, and Washington.<\/p>\n

PSP Investments invests money for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police, and the Reserve Force.<\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: The Canada flag flies atop the Peace Tower on Parliament Hill. PSP Investments…\n","protected":false},"author":2,"featured_media":637778,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[276,261,277,251,249,278,138,275,248,268,269,264,250,247,219,84,273,267,246,259,289,252,253,266,262,263,256,279,257,284,111,285,139,287,282,286,69,280,283,244,245,254,271,272,135,270,281,260,145,274,265,258,255,288],"class_list":["post-637777","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-alberta","tag-arts-news","tag-bc","tag-breaking-news","tag-breaking-news-video","tag-british-columbia","tag-business","tag-canada","tag-canada-news","tag-canada-sports","tag-canada-sports-news","tag-canada-trafficcanada-weather","tag-canadian-breaking-news","tag-canadian-news","tag-economy","tag-education","tag-environment","tag-federal-government","tag-finance","tag-foreign-news","tag-globe-and-mail","tag-globe-and-mail-breaking-news","tag-globe-and-mail-canada-news","tag-government","tag-life-news","tag-lifestyle","tag-local-news","tag-manitoba","tag-national-news","tag-new-brunswick","tag-new-zealand","tag-newfoundland-and-labrador","tag-newzealand","tag-northwest-territories","tag-nova-scotia","tag-nunavut","tag-nz","tag-ontario","tag-pei","tag-personal-finance","tag-personalfinance","tag-photos","tag-political-news","tag-political-opinion","tag-politics","tag-politics-news","tag-quebec","tag-sports-news","tag-technology","tag-travel","tag-trudeau","tag-us-news","tag-world-news","tag-yukon"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/637777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=637777"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/637777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/637778"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=637777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=637777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=637777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}