The real estate investing arms of the Caisse de dépôt et placement du Québec and the Ontario Municipal Employees Retirement System are teaming up to invest in the U.S.-based IDI Logistics. “We are delighted to be working with Oxford on this venture for the future success of IDI Logistics, a company which consistently builds, operates and […]
The Caisse de dépôt et placement du Québec will make additional investments in Metro Supply Chain Group Inc., a Canadian third-party logistics services provider. The pension fund initially invested in the company in April 2018 when it began acquiring logistical and distribution companies linked to the e-commerce sector. “We are pleased to continue and strengthen […]
The Canada Pension Plan Investment Board’s subsidiary, the CPP Investment Board Europe, is forming a partnership to develop logistics facilities across Europe. GLP Continental Europe Development Partners I, a partnership between the pension fund, Canadian real estate firm QuadReal Property Group and global logistics firm GLP CDP I, will develop logistics facilities in Belgium, France, Germany, Italy, the Netherlands […]
The Caisse de dépôt et placement du Quebec’s real estate investment arm, together with Prologis Inc., is launching a joint real estate venture in Brazil. The Prologis Brazil logistics venture will aim to develop and operate Brazilian logistics spaces in São Paulo and Rio de Janeiro, acquiring an initial portfolio of 641,030 square metres of operating properties along with more […]
The Caisse de dépôt et placement du Québec’s real estate investment arm, Ivanhoé Cambridge, along with CapRock Partners, is announcing the start of construction for a Californian development in which it has invested US$450 million. The first phase logistics complex, Colony Commerce Center in Ontario, Calif., will be made up of two industrial buildings and will feature truck courts, loading docks […]
The Canada Pension Plan Investment Board is making an additional investment in the Goodman China Logistics Partnership, bringing its total equity commitment to US$5 billion. The partnership, established in 2009 with multi-national property firm the Goodman Group, set out with the purpose of developing logistics properties in key gateway cities in mainland China. Since inception, the portfolio has grown […]
The Caisse de dépôt et placement du Québec’s real estate arm is acquiring two parcels of land in Ontario, California. Ivanhoé Cambridge intends to develop the land, at a cost of more than $587 million, into Colony Commerce Center, which will consist of 11 industrial buildings, about 280,000 square metres of leasable space. Read: CPPIB […]
The Canada Pension Plan Investment Board is partnering with a subsidiary of ESR, a pan-Asian logistics real estate platform, to invest about $653 million in Korean logistics facilities. Within the investment vehicle, which will focus on building a portfolio of premier facilities in strategic areas, Seoul-based Kendall Square Asset Management will identify new assets for acquisition. In a news release, […]
The Canada Pension Plan Investment Board is allocating $175 million to aquire a 20 per cent stake in a partnership intending to invest in logistics and industrial assets in São Paulo and Rio de Janeiro. Totalling $880 million, the newly formed Goodman Brazil Logistics Partnership includes investments from global investment manager APG Asset Management, Australian superannuation fund First State […]
The Caisse de dépôt et placement du Québec is entering into a financing agreement with Metro Supply Chain Group Inc., an Ontario-based third-party logistics services provider. While the pension fund didn’t disclose the terms of the financing, a press released noted Metro intends to use the capital to pursue further growth, particularly in business acquisitions. The […]