CPP Investments and LOGOS establish new Indonesia logistics venture

Canada Pension Plan Investment Board (CPP Investments) has formed a new Indonesian venture partnership with Logos, which will develop modern logistics facilities in Greater Jakarta.

CPP Investments will invest $200 million into the joint venture, which will develop a diversified portfolio of facilities targeted at third-party logistics (3PL), data center and industrial tenants.

“One of the key investment themes for CPP Investments has been Asia’s growing middle class and domestic consumption,” said Jimmy Phua, managing director and head of real estate investments, Asia, CPP Investments. “The growth in Indonesia’s ecommerce market has driven the demand for modern logistics facilities. We are pleased to be furthering our partnership with LOGOS and strengthening our position in Indonesia’s logistics market.”

This is the second joint venture between CPP Investments and LOGOS in Indonesia, with the first launched in 2017 in partnership with another inte