Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Canada Pension Plan Investment Board (‘CPP Investments’) on the establishment of a new joint venture (JV) focused on the European hospitality sector with Hamilton-Pyramid Europe (‘Hamilton’).

With initial equity commitments of €500m the JV will focus on acquiring operating hotels in key gateway cities and select resort destinations in Europe; markets which offer strong leisure driven demand-supply dynamics, attractive liquidity and a sufficiently deep pool of institutional-quality assets.

The Freshfields’ team, led by real estate partner Victoria Hills, included tax partner May Smith, senior associate Palina Pradhan, associates Mohammad Bagash and Stephanie Austera, and counsel Gabrielle Van Der Haegen.

Further details on the JV can be found here.