CPPIB makes first direct investment in Hong Kong real estate
Canada Pension Plan Investment Board (CPPIB) has acquired a 50% stake in Interlink, a Hong Kong building owned by Goodman Group, for approximately C$285 million ($301 million). The deal, which comprises an equity commitment of around C$205 million and the assumption of C$80 million in debt, is CPPIB's first direct investment in Hong Kong real estate.
The property in question is a 2.4 million square-foot industrial facility that includes a warehouse and distribution center. It is based in Tsing Yi, not far from Hong Kong's airport. Interlink, which...
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