Lend Lease Group, Australia’s biggest property developer, secured A$2 billion ($2 billion) in commitments to develop the first two towers at its Barangaroo South site, including investments from retirement plans and its own property fund.
Westfield Group said it had formed a $4.8 billion joint venture with the Canada Pension Plan Investment Board and plans to buy back as much as 10 percent of its stock, sending its shares up the most in 2 1/2 years.
The Canada Pension Plan Investment Board agreed to pay $1.8 billion for a stake in 10 U.S. shopping malls and two redevelopment sites owned by Westfield Group as part of a joint venture with the Australian landlord.
SL Green Realty Corp. , New York’s biggest landlord, agreed to sell its minority stake in McGraw- Hill Cos. headquarters building in Midtown for $576 million to help pay for purchasing two other Manhattan office towers.
Global Logistic Properties Ltd., the overseas logistics unit of the Government of Singapore Investment Corp., said it formed a joint venture with the Canada Pension Plan Investment Board to invest in warehouses in Japan.