CPPIB Partners With Ivanhoé Cambridge On Southeast Asia Logistics Ventures

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

Blackstone Upsizes £1B Industrial Loan As Giant Platform Refinancing Continues

JPMorgan Reportedly Discussing $3.8B Loan For Extell's Latest Luxury Supertall

Megadeals Overshadow Commercial Property Sale Slowdown

32-Story Downtown Boston Office Tower Heading To Foreclosure Auction

McDonald's Unveils $8.5B Plan To Accelerate Restaurant Improvements

Fairfax Developers Struggle To Build Enough To Fill Affordable Housing Gaps

JLL Rolls Out New Nontraded REIT Focused On Debt

Fiserv Office Loan Moves To Special Servicing With Lease Expiration Looming

Brookfield's GGP Lines Up $800M CMBS Refi Of 2.4M SF Suburban Chicago Mall

Northmarq Adds Thirdline Capital Management To Investment Platform

CUNY Buys Historic Bronx Post Office For $201M

BREIT Lines Up $1.7B CMBS Loan For 19M SF Industrial Portfolio