Parkway to merge with CPPIB

Parkway REIT has plans to hold a meeting to discuss the $1.2 billion merger with affiliates of the C$316.7 billion ($244.7 billion) Canada Pension Plan Investment Board.

The meeting will be held on Sept. 25.

The announcement of the acquisition was made in June.

As of June 30, 2017, Parkway REIT’s portfolio consists of five class A assets comprising 19 buildings and totaling approximately 8.7 million rentable square feet in the Greenway, Galleria and Westchase submarkets of Houston.