CPPIB commits additional $1 bln to China logistics venture
Canada Pension Plan Investment Board (CPPIB) has deployed a further US$1 billion in equity to the Goodman China Logistics Partnership, which owns and develops logistics assets in Mainland China. Goodman Group, CPPIB's partner in the venture, has also committed a further US$250 million. CPPIB and Goodman, which began investing together in 2009, said the partnership has continued to see strong demand in China's core logistics markets, including in Shanghai and Beijing. Separately, it was announced that the partnership will buy nine projects valued at US$650 million from Goodman.
22 December 2015•3 mins read
