PSP Acquires The Wharf Project in Washington, D.C. for Reported US$1.8B

The Public Sector Pension Investment Board (PSP) has acquired full ownership of The Wharf, a mixed-use waterfront development in Washington, D.C., for approximately US$1.8 billion. PSP took over from its development partner Madison Marquette and now controls the 3.5-million-square-foot area along the Potomac River. The acquisition is intended to continue enhancing The Wharf's status as a cultural and commercial hub, with a focus on optimizing its operations and community engagement. Madison Marquette expressed pride in its role in transforming the area over the past 15 years.