Canadian pension fund to invest in regional warehouses through JVs
CPPIB will team up with two partners to develop and acquire warehouses in Singapore and Indonesia
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Singapore
CANADA Pension Plan Investment Board (CPPIB) has tied up with Canada-based real-estate investor Ivanhoé Cambridge and regional logistics space operator LOGOS to jointly develop and acquire logistics properties in Singapore and Indonesia.
Through two agreements inked on Monday, the trio set up two companies for this purpose: LOGOS Singapore Logistics Venture (LSLV) and LOGOS Indonesia Logistics Venture (LILV).
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