Goodman, CPPIB To Inject $500M To China Logistics Property Joint Venture

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Australian Securities Exchange-listed industrial property and business space firm the Goodman Group and the Canada Pension Plan Investment Board (CPPIB) say the two will increase their equity allocation to their joint venture by US$500 million, according to a joint announcement.

The joint venture, named Goodman China Logistics Partnership, was formed in 2009 with an initial equity commitment of US$300 million.

The current equity increase, which will see CPPIB contributing US$400 million and the Goodman Group contributing US$100 million, is the fourth injection by the joint venture partners.

China Money Network

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