PSP Investments and Nuveen Real Estate Launch Joint Venture with US$790 Million in Open-Air Shopping Center Investments Acquired Across the U.S. to Date

PSP and Nuveen Real Estate launched a US open-air shopping-centre joint venture. Their initial US$790 million portfolio comprised 19 properties across eight states, focused on grocery-anchored and necessity-based retail. The disclosed amount is the joint venture’s combined investment, not PSP’s individual allocation.