CPPIB adds $400 mln more to logistics joint venture in China
Canada Pension Plan Investment Board (CPPIB) has deployed a further US$400 million in equity to the Goodman China Logistics Holding (GCLH) joint venture. Its partner in the joint venture, Goodman Group, also allocated an additional US$100 million. GCLH now has a total of US$2 billion to invest in and develop logistics properties across mainland China. At the end of September, the joint venture had invested in 27 logistics projects in 10 Chinese markets, including Shanghai, Beijing, Tianjin, Kunshan, Chengdu, Suzhou and Jiaxing.
21 November 2014•3 mins read
