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).
