Goodman China Logistics Holding (GCLH) is an 80/20 joint venture between CPPIB and Goodman established in 2009 to invest in stabilised logistics assets across China’s first tier cities.
The new capital injection will give the joint venture $1bn of equity to play with.
GCLH currently owns seven completed assets offering about 350,000 square metres of logistics space, and has begun work on two development projects, according to its website.
CPPIB will contribute $400m with Goodman contributing the rest, it said.
CPPIB said in December last year that it would invest an additional $250m in GCLH.
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