Canada Pension Plan Investment Board CPPIB and property investor Goodman Group said on Thursday that they have committed an additional $1.75 billion of equity to the Goodman China Logistics Partnership GCLP or Partnership, increasing their total equity commitment to $5 billion.
The additional equity will be made on an 8020 basis, with CPPIB allocating $1.4 billion and Goodman $350 million, consistent with the partnership’s equity structure.
“The fundamentals of the Chinese logistics sector remain compelling, driven by domestic consumption growth in China, including e-commerce, which underpins the strong demand for prime logistics facilities,” Jimmy Phua, CPPIB’s head of real estate investments in Asia, said...
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