CPPIB to lend $526 mln to builder Kemper Development

Thu Sep 10, 2015 9:40am EDT
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Sept 10 (Reuters) - The Canada Pension Plan Investment Board (CPPIB) said its credit unit would provide a $526 million construction loan to real estate company Kemper Development Co.

The loan, which can be converted into a mortgage later, is for the expansion of a shopping and recreational center in Bellevue in Washington, CPPIB said on Thursday. (Reporting by Amrutha Gayathri in Bengaluru; Editing by Kirti Pandey)