Canada Pension Plan Investment Board (CPP Investments) has signed an agreement to establish a A$14 billion (US$9.38 billion) European data centre partnership with Australia’s Goodman Group. The 50-50 partnership involves an initial total capital commitment of A$3.9 billion (US$2.61 billion) to develop a portfolio of data centre projects in Frankfurt, Amsterdam and Paris.
The Goodman European Data Center Development Partnership (GEDCDP) is CPP Investments’ first data centre partnership in Europe, significantly adding to its data centre portfolio. The partnership’s portfolio comprises four projects totalling 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.
“We are pleased to expand our longstand
