Goodman, Canada Pension Plan Investment Board and APG launch €1.4 bln logistics partnership (UK)

cppib, apg and goodman logos

Goodman Group (Goodman), Canada Pension Plan Investment Board (CPPIB) and APG Asset Management (APG) are pleased to announce the establishment of the Goodman UK Logistics Partnership (Partnership).

 

  • New partnership brings over €1.4 bln (£1 bln) of investment capacity for high quality UK logistics and industrial development opportunities
  • Initial portfolio comprises two developments in proven logistics locations close to London and Birmingham, for a combined 54,812 m² (590,000 ft²)
  • Targeting further high quality logistics and industrial property opportunities across the investment spectrum

 

With a flexible strategy in place, the partnership will be able to undertake a wide range of investment styles, including development, value-add and core investment. Each investor will commit €271 mln (£200 mln) for a 33% interest in the partnership, providing the vehicle with a combined initial equity commitment of €814 mln (£600 mln) and an investment capacity in excess of €1.4 bln (£1 bln).

 

Source: Goodman, CPPIB and APG

Related News