Canada Pension Plan Investment Board (CPP Investments) has signed an agreement to establish a A$14 billion (€8 billion/$9.38 billion) European data center partnership with Goodman Group. The 50-50 partnership involves an initial total capital commitment of A$3.9 billion (€2.2 billion/$2.61 billion ) to develop a portfolio of data center projects in Frankfurt, Amsterdam and Paris.
The Goodman European Data Center Development Partnership (GEDCDP or the Partnership) is CPP Investments’ first data center partnership in Europe, significantly adding to its data center portfolio. The partnership’s portfolio comprises four projects totaling 435 megawatts of primary power and 282 megawatts of IT load – Paris (PAR01 and PAR02), Frankfurt (FRA02) and Amsterdam (AMS01). All projects provide speed to market with secured power connections, planning permits and substantially progressed site infrastructure works, enabling construction commencements by June 2026.
Max Biagosch
