CPPIB and Goodman to launch Australian property fund

clock •

CANADA/AUSTRALIA - The Canada Pension Plan Investment Board (CPPIB) has teamed up with one of Australia's largest property groups to launch an A$400m (US$351.8m) Australian real estate fund.

The joint venture is 80% owned by the CPPIB and the rest funded by Goodman Group. Called, Goodman Australia Development Fund, the fund will be seeded through the acquisition of Goodman's 76,000 ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Author spotlight

Alison Swersky

View profile
More from Alison Swersky

Australian super funds to 'see first growth in three years'

Microfinance: The new frontier

More on Canada

Canada

Pension funds keep Canadian M&A activity afloat

CANADA - Canadian pension funds kept mergers and acquisitions (M&A) activity in the country afloat in the third quarter, according to PwC.

Jenny Cosgrave
clock 01 November 2011 •
Canada

Canadian longevity risk transfer market could hit $20bn

CANADA - The nascent Canadian longevity risk transfer market could hit $20bn by 2020, Swiss Re finds.

Jenny Cosgrave
clock 26 October 2011 •
Canada

OTPP, Illinois TRS invest in NXT Capital

CANADA/US - Teachers' Private Capital, a unit of the C$107.5bn ($106.4bn) Ontario Teachers' Pension Plan, and the $37.3bn Teachers' Retirement System of the State of Illinois have made equity investments to finance company NXT Capital.

Jaishree Kalia
clock 26 October 2011 •
Trustpilot