CPPIB acquires stake in Goodman Hong Kong Logistics Partnership for $248m

CPPIB acquires stake in Goodman Hong Kong Logistics Partnership for $248m

People look out from the waterfront in the Tsim Sha Tsui district as buildings across the Victoria Harbour stand illuminated at night in Hong Kong, China, on Tuesday, Aug. 30, 2016. Photographer: Anthony Kwan/Bloomberg

Canada Pension Plan Investment Board (CPPIB) has invested HK$1.94 billion ($248.4 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. It has seen strong performance since its inception in 2006, with positive economic and market fundamentals.

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