CPP Investments and the Ontario Municipal Employees Retirement System are selling their respective 33.9 per cent and 30 per cent stakes in Associated British Ports to a fund managed by IFM Investors.

Luca Lupo, senior managing director and head of Europe at OMERS Infrastructure, said the U.K. remains a priority market for the investment organization and it’s actively exploring new opportunities in the market.

Meanwhile, James Bryce, managing director and head of infrastructure at CPP Investments, said the transaction represents an attractive opportunity to realize the value of a long-term investment and to recycle capital into new opportunities.

Read: CPP Investments selling interest in Australian infrastructure assets, investing in India’s hospitality industry

CPP Investments is also committing A$300 million to Nuveen Real Estate through its CPPIB Credit Investments Inc. subsidiary, alongside Singapore-based investment manager Temasek.

“We continue to see attractive opportunities in Australian commercial real estate credit, where deep local relationships, disciplined underwriting and strong asset management capabilities are key to long-term performance,” said Raymond Chan, managing director and head of........

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