Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 1.2

Description of the concentration

Grosvenor International Investments Limited, a subsidiary undertaking of Grosvenor Group Limited, and PSPLUX S.à r.l., a direct wholly-owned subsidiary of Public Sector Pension Investment Board intend to acquire joint control over a real estate asset located in Milan, Italy. Grosvenor is a privately owned property group, active in some of the world’s most dynamic cities. Grosvenor owns, develops and manages real estate and invests in property-related businesses. Grosvenor operates primarily across Europe, the United States and Asia. Public Sector Pension Investment Board is a Canadian Crown corporation established by the Canadian Parliament under the Public Sector Pension Investment Board Act to invest the employer and employee net contributions received since 1 April 2000, from the pension plans of the Canadian Federal Public Service, the Canadian Forces and the Royal Canadian Mounted Police and, since 1 March 2007, from the pension plan of the Reserve Force. PSPIB manages a diversified global portfolio including stocks, bonds and other fixed-income securities as well as investments in private equity, real state, infrastructure and natural resources. The Target is a retail real estate asset located in Milan.

Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË

Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.