The Goodman Group and the Canadian Pension Plan Investment Board (CPPIB) have agreed to expand their China Partnership by a further $US500 million ($A545 million), according to The Australian.
CPPIB will cover 80 per cent of the additional funds, which will bring the total commitment by the two sides to $1.5 billion since forming a partnership in 2009 to invest in logistics sheds across China.
“The increased equity allocation of $US500 million will help to fund the continued growth of our China platform through a number of identified development projects for high quality logistics space in the major Chinese markets,” Goodman chief executive Greg Goodman said, according to The Australian.
Quick Summary:
Goodman Group, CPPIB inject further funds into partnership.
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