The acquisition is part of a joint venture between CPPIB and Hermes Investment Management that began in 2013

The Canadian Pension Plan Investment Board, one of the world's largest pension funds, has struck a £200m deal to buy a stake in a UK business park from Hermes Investment Management.

CPPIB, which manages $316.7bn on behalf the Canadian Pension Plan, will acquire a 50% share in Milton Park, according to a statement.

Canadian investor pays £200m for UK business park

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The UK lender has tapped a veteran dealmaker to head up a key area of growth

Wells Fargo booked a bigger profit in the first quarter, as lower expenses helped offset a decline in net interest income.

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Several big law firms are discussing $500 million in pro bono legal services with the White House to avert restrictions on their business, people familiar with the matter said.

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Treasury Secretary Scott Bessent helped persuade the president to take some time and negotiate with trading partners in the face of pressure from business leaders.

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Generative AI is going to reinvent virtually every customer experience and enable entirely new ones that have only been dreamed about, Amazon.com Chief Executive Andy Jassy said.

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Carney said the 90-day pause, and Trump’s pledge to negotiate new trading arrangements with dozens of countries, “will likely result in a fundamental restructuring of the global trading system.”

Trump’s Tariff Pause ‘Welcome Reprieve’ For Global Economy, Canada PM Carney Says

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