Syn Prop & Tech and CPPIB completed a $150m asset swap transaction.

Syn Prop & Tech, a real estate development company, and CPPIB, a global investment management organization, completed a $150m asset swap transaction. The transaction involved an increase in SYN's stake in Tietê Plaza Shopping to 52.5% and a reduction to 10% in Towers D and E of the WTorre JK Condominium, as well as the transaction with CPPIB, involving the increase of the stake in Shopping Cerrado to 85%.