CPPIB, Goodman re-up in China logistics partnership
Canada Pension Plan Investment Board (CPPIB) and Goodman Group have committed another $1.25 billion to their China logistics joint venture. The JV will also buy nine projects from Goodman with an end build-out value of more than $650 million.
CPPIB will put in $1 billion, with Goodman contributing $250 million. Having established the partnership with $300 million in 2009, the two groups have regularly increased their commitments - with similar...
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