CPPIB partners in $500 mln Korean logistics investment vehicle
Canada Pension Plan Investment Board (CPPIB) has agreed to partner with Asian real estate company ESR in a new investment vehicle that will deploy up to US$500 million in modern logistics facilities in South Korea. Kendall Square Asset Management, ESR's Seoul-based affiliate, will identify new assets, support the acquisition process, and manage the portfolio. The vehicle will initially invest in a seed portfolio of six logistics facilities already managed by Kendall Square. CPPIB began investing with ESR in Korea's logistics sector in 2015.
8 August 2018•2 mins read
