News
Toronto Capital Markets

CPPIB Partners With Ivanhoé Cambridge On Southeast Asia Logistics Ventures

Photo credit: Ivanhoé Cambridge A LOGOS logistics property in China

Canada Pension Plan Investment Board is investing alongside Ivanhoé Cambridge and real estate logistics provider LOGOS Property Group in the development and acquisition of facilities in Singapore and Indonesia. CPPIP will commit US$140M for a 48% stake in the Singapore facilities (two fully leased warehouses and a development opportunity), and US$100M for a 48% stake in the Indonesian venture, which has a strong pipeline of development opportunities in Jakarta. CPPIB and Ivanhoé Cambridge will be equal partners in both JVs; LOGOS, as operating partner, holds the remaining stakes.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Toronto Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

JLL Nearly Doubles Profits, Fueled By Leasing Rebound

Dewberry's Midtown Eyesore Quietly Resolves $75M Mortgage

Newmark Posts Record Q2 Revenue, Holds Guidance Flat

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

Fed Holds Rates In Split Decision As Iran War Hampers Inflation Fight

Allow Fortress To Reintroduce Itself: The Distress Specialist Is Expanding Its Game

'WeWork 2.0': Booming AI Startups Concern Some Data Center Execs

Hotels Are Sliding, Offices Are Winning. Why Is CRE Increasingly Divided?

Integra Acquires Evacuated Broward Condo Complex Via Court-Ordered Auction

More Than 80 Countries Hit With New Tariffs, Further Clouding CRE Pricing