Goodman, CPPIB launch NA logistics partnership

Distribution Centers

Monday, August 13, 2012

Goodman Group and the Canada Pension Plan Investment Board (CPPIB) have launched a new logistics and industrial partnership called the Goodman North America Partnership (GNAP). The companies have targeted an equity amount of $890 million, with Goodman putting in 55 percent and CPPIB at 45 percent. GNAP’s investment strategy will focus on logistics and industrial property in North America. Greg Goodman, chief executive officer at Goodman, said, “...

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