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.
Tag : goodman
The Canadian pension fund has made three investments in China properties and may well do more, in a sign of the market's ongoing appeal to long-term foreign investors.
Jimmy Phua discusses the Canadian pension fund's latest investment, its reliance on long-term partners and its plans for the coming years.
The $208 billion Canada Pension Plan Investment Board wants to build its Asian asset portfolio via further joint ventures, as it allocates another $400 million to a China logistics JV.
Amid a gloomy outlook on China, Canada's second largest pension fund recently increased its stake in a mainland logistics company, and plans to invest more.
Its investment manager commits $400 million to a fund that develops and leases warehouse and distribution centres in China, pointing to the sector's rapid growth potential.
The logistics fund is the largest owner of warehouse and distribution properties in Hong Kong.
