Canada Pension Plan Investment Board and Kennedy Wilson to form a joint venture in a £500m deal.

Canada Pension Plan Investment Board, a global investment management organization, and Kennedy Wilson, a real estate investment firm, agreed to form a joint venture in a £500m deal. “Private capital can play an important role in addressing the current undersupply of high-quality rental housing in the UK, particularly where it is professionally managed to provide a great customer experience. Investing into the UK single-family housing sector aligns well with our broader real estate strategy, to undertake scalable investments into high quality assets with growing cash flows. We look forward to launching the JV alongside Kennedy Wilson to deliver strong returns for 22 million contributors and beneficiaries of the CPP fund,” Tom Jackson, CPP Investments Head of Real Estate Europe.