Major Canadian pension fund halves stake in student accommodation group Unite
One of the world’s top-performing public pension funds has cut its holding in South West-based student accommodation group Unite. Canada Pension Plan Investment Board subsidiary CPPIB Holdco reduced its stake from over 14% to just over 7% in Bristol-headquartered Unite. The move automatically triggered the end of CPPIB’s right to a nominated representative on Unite’s board and, as a result, its nominated director Thomas Jackson has now left. Toronto-based CPPIB’s relationship with Unite …