Canada Pension Plan Investment Board invests HK$1.94 billion in Goodman Hong Kong Logistics Partnership

TORONTO and HONG KONG, Dec. 07, 2017 (GLOBE NEWSWIRE) — Canada Pension Plan Investment Board (CPPIB)┬áhas invested HK$1.94 billion (C$320 million) to acquire an interest in Goodman Hong Kong Logistics Partnership (GHKLP or Partnership). GHKLP is one of Goodman’s flagship logistics partnerships, with the largest portfolio of high-quality, modern logistics properties in Hong Kong.

The Partnership has seen strong performance since its inception in 2006, with positive economic and market fundamentals such as limited supply of quality industrial real estate in Hong Kong combined with growing demand from international retailers and distribution companies, supporting consistent market outperformance.

“There is tremendous opportunity for growth across the logistics sector in Hong Kong, which benefits from growing domestic consumption and the city’s strategic position as a gateway into China,” said Jimmy Phua, Managing …

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