CPPIB forms joint venture with Asian logistics firm

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CANADA/JAPAN - The Canada Pension Plan Investment Board (CPPIB) and Global Logistic Properties (GLP) have formed a joint venture to invest in the country's logistics network.

Both will invest $250m in the joint venture, known as the Japan Development Fund, over the next three years and will focus on building multi-tenant and build-to-suit facilities mainly in the areas ...

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