Goodman Group

The Australian superannuation fund has acquired a 49% stake in the partnership, which comes seeded with a 2.8m-sq-ft Southern California portfolio.

Canada Pension Plan Investment Board has invested $1.4 billion in fresh equity commitments to its China logistics partnership with the Goodman Group.

Goodman Group has now appointed a new head for Asia, and one for Japan, a few months after Philip Pearce, the firm’s long-serving head of Greater China, stepped down from his position.

Each will commit £200 million, providing the vehicle with a combined initial equity commitment of £600 million and an investment capacity in excess of £1 billion.

The Canadian pension has allocated an additional $500 million to its industrial joint venture with the Sydney-based logistics developer.

The Malaysian pension fund has doubled its equity commitment to its logistics Germany partnership with Goodman.

The Sydney-based firm’s open-ended logistics real estate fund has attracted €550 million in fresh equity from institutional investors although it stated it there was €900 million trying to get in. Together with a bond issued in March, the fund now has more than €800 million in firepower.

The Sydney-based logistics real estate developer and fund manager has led a powerful consortium of global investors to invest HK$3.5 billion for a 25 percent ownership stake in the ATL Logistics Centre Hong Kong, a 6 million square foot monolith servicing most of Hong Kong’s container traffic.

The Australian super fund has pledged €426m to a venture that will also provide its first exposure to German real estate.

As its latest two property deals demonstrate, the Canadian pension is now full speed ahead with implementing its revamped strategy.

Rava Partners’ Joe Gagnon expects consolidation to move beyond the logistics sector as investors eye opportunities in multifamily and student housing.

A strategy shift by Norway’s $2trn wealth fund portends a broader appetite for indirect property investing among top allocators.

Amid ongoing volatility, overseas capital has gone from redlining the world’s largest property market to returning to it half a year later.

This week kicks off with the PERE Seoul Forum, where the spotlight was on Korea’s two investment giants, NPS and KIC, and their differing approaches to a shifting global real estate market. Meanwhile, Australia’s Aware Super makes good on a pledge to boost its US exposure; Principal opens a pipeline to French retail investors; family offices warm to US equity; LaSalle sizes up Europe’s potential NATO lift; Sixth Street hires a real estate fundraiser and more in this week’s digest, exclusively for our valued subscribers.

Norway’s $1.8trn sovereign wealth fund is off to a busy start this year, too.

Data centers are becoming the prime choice for conversions of older logistics space.