Why CPPIB & Goodman are upping China logistics bet
The Canadian pension fund and Australian property developer have increased their firepower for deals ahead of a 5G rollout that is set to deliver a major fillip to Chinese e-commerce.
Canada Pension Plan Investment Board (CPPIB) and property investor Goodman Group said on Thursday that they have committed an additional $1.75 billion of equity to the Goodman China Logistics Partnership (GCLP or Partnership), increasing their total equity commitment to $5 billion.
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