{"id":19463,"date":"2020-09-04T15:00:42","date_gmt":"2020-09-04T19:00:42","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/cppib-investing-in-japanese-logistics-149619"},"modified":"2020-09-04T15:00:42","modified_gmt":"2020-09-04T19:00:42","slug":"cppib-investing-in-japanese-logistics","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2020\/09\/04\/cppib-investing-in-japanese-logistics\/","title":{"rendered":"CPPIB investing in Japanese logistics"},"content":{"rendered":"<div class=\"alignleft clearfix\">\n<div class=\"wp-caption feature-image alignleft\"> <img decoding=\"async\" loading=\"lazy\" width=\"316\" height=\"190\" src=\"https:\/\/www.benefitscanada.com\/wp-content\/uploads\/2017\/07\/39528637_m.jpg\" class=\"attachment-feature size-feature wp-post-image\" alt title=\"CPPIB investing in Japanese logistics\"> <\/div>\n<\/p><\/div>\n<p class=\"byline\"> <span>Staff<\/span>&nbsp;|&nbsp;September 4, 2020 <\/p>\n<p>The<strong>&nbsp;<\/strong>Canada Pension Plan Investment Board is taking part in the launch of the GLP Japan income fund, a private Japanese open-ended logistics fund.<\/p>\n<p>The deal is the latest in the&nbsp;pension fund\u2019s partnership with&nbsp;Global Logistics Properties Ltd., which kicked off in 2011 when the two parties formed a <a href=\"https:\/\/www.benefitscanada.com\/pensions\/other-pensions\/cppib-to-invest-in-japanese-logistics-facilities-20106\">50-50 joint venture<\/a>.&nbsp;While the venture has been&nbsp;expanded multiple times over the years, the CPPIB exited at the end of August 2020, receiving about&nbsp;$590 million in new proceeds.<\/p>\n<p>As part of the current deal, the CPPIB is recommitting&nbsp;$307 million of those proceeds to the new fund.&nbsp;At inception, the fund held&nbsp;$3.4 billion under management.<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/pensions\/other-pensions\/cppib-to-invest-in-japanese-logistics-facilities-20106\">CPPIB invests in Japan<\/a><\/strong><\/p>\n<p>\u201cThe transaction marks a significant milestone for CPP Investments\u2019 real estate investment program in Japan,\u201d said Jimmy Phua, managing director and head of real estate investments for Asia at the CPPIB, in a press release. \u201cThe strong fundamentals in the Japanese logistics market continue to make this a compelling investment opportunity for long-term investors. We are pleased to continue our strategic relationship with GLP, one of our key global real estate partners, while recycling capital for other compelling investment opportunities.\u201d<\/p>\n<p> <a href=\"https:\/\/www.benefitscanada.com\/news\/cppib-investing-in-japanese-logistics-149619\">Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Staff&nbsp;|&nbsp;September 4, 2020 The&nbsp;Canada Pension Plan Investment Board is taking part in the launch of the GLP Japan income fund, a private Japanese open-ended logistics fund. The deal is the latest in the&nbsp;pension fund\u2019s&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/19463"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=19463"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/19463\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=19463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=19463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=19463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}