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

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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

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