CPPIB deploys further $500 mln to logistics and warehouse partnership
Canada Pension Plan Investment Board (CPPIB) has allocated an additional US$500 million to the Goodman North American Partnership (GNAP), a joint venture formed in 2012 between CPPIB and Goodman Group to invest in logistics and warehouse facilities in major U.S. markets. CPPIB's allocation to GNAP now totals US$900 million, representing a 45 percent interest, and Goodman's allocation now totals US$1.1 billion, representing a 55 percent interest. To date, GNAP has committed to six development projects located in California and is actively pursuing opportunities in the same state, as well as in New Jersey and Pennsylvania.
14 August 2014•3 mins read
