- January 1, 2016: Vol. 28, Number 1

To read this full article you need to be subscribed to Institutional Real Estate Americas

Canadian pension fund invests around the globe

by Andrea Waitrovich

The C$273 billion ($204 billion) Canada Pension Plan Investment Board has been actively investing overseas, acquiring assets in South Korea and the United Kingdom.

In November 2015, CPPIB and Dutch pension asset manager APG Asset Management formed a $500 million joint venture platform with e-Shang Warehousing Services Co., a logistics developer, owner and operator, and e-Shang’s Seoul-based subsidiary, Kendall Square Logistics Properties.

The joint venture will develop and own a portfolio of institutional-grade, modern logistics real estate assets across South Korea and initially will be capitalized with equity commitments totaling $500 million, with an option to upsize the joint venture to a total capitalization of $1 billion.

Founded in 2011 by global private equity firm Warburg Pincus and two Chinese entrepreneurs, e-Shang focuses on developing institutional-quality warehouses across major gateway markets in Asia.

This is the second logistics joint v

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy