Goodman Group, CPPIB, and APG Allocate Additional Capital to UK Logistics Venture
Posted on 11/05/2020
Australia-based Goodman Group, Canada Pension Plan Investment Board (CPP Investments), and APG Asset Management N.V. (APG) have each allocated an additional £300 million of equity to investment vehicles in the U.K., targeting the logistics sector. The expansion follows the success of the Goodman UK Partnership (GUKP) established in 2015 to invest in prime industrial and logistics properties on a long term basis.
Public pension capital is keen on targeting e-commerce logistic properties in Europe.
Goodman Group is one of CPP Investments’ longest standing and largest global partners in real estate with partnerships established in Australia, Brazil, China, Hong Kong, and the U.S. Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil.
Keywords: Stichting Pensioenfonds ABP.
