{"id":20145,"date":"2020-11-05T15:00:07","date_gmt":"2020-11-05T20:00:07","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/cppib-ups-u-k-logistics-allocation-psp-invests-in-paris-real-estate-152088"},"modified":"2020-11-05T15:00:07","modified_gmt":"2020-11-05T20:00:07","slug":"cppib-ups-u-k-logistics-allocation-psp-invests-in-paris-real-estate","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2020\/11\/05\/cppib-ups-u-k-logistics-allocation-psp-invests-in-paris-real-estate\/","title":{"rendered":"CPPIB ups U.K. logistics allocation, PSP invests in Paris real estate"},"content":{"rendered":"<div class=\"alignleft clearfix\">\n<div class=\"wp-caption feature-image alignleft\"> <img decoding=\"async\" loading=\"lazy\" width=\"350\" height=\"263\" src=\"https:\/\/www.benefitscanada.com\/wp-content\/uploads\/2020\/11\/103832315_123RF_LogisticsWarehouse-350x263.jpg\" class=\"attachment-feature size-feature wp-post-image\" alt=\"Copyright_Baloncici_123RF\" title=\"CPPIB ups U.K. logistics allocation, PSP invests in Paris real estate\"> <\/div>\n<\/p><\/div>\n<p class=\"byline\"> <span>Staff<\/span>&nbsp;|&nbsp;November 5, 2020 <\/p>\n<p>The Canada Pension Plan Investment Board is allocating an additional \u00a3300 million of equity to investments in the U.K.\u2019s logistics sector.<\/p>\n<p>The investment is taking place via the Goodman U.K. partnership, which was established in 2015, with Goodman Group and APG Asset Management each allocating the same amount. The CPPIB has entered similar partnerships with Goodman in <a href=\"https:\/\/www.benefitscanada.com\/news\/cppib-invests-400m-in-goodman-partnership-31277\">North America<\/a> and <a href=\"https:\/\/www.benefitscanada.com\/pensions\/other-pensions\/cppib-to-invest-an-extra-1billion-in-china-75477\">China<\/a>.<\/p>\n<p>The additional commitment will be used to expand the portfolio of sustainable logistics and industrial properties along key arterial routes, as well as last-mile locations, particularly around&nbsp;Greater London, noted a press release.<\/p>\n<p><strong>Read: <a href=\"https:\/\/www.benefitscanada.com\/uncategorized\/cpp-fund-ended-2015-up-nearly-10-billion-in-assets-2-76861\">CPP fund ended 2015 up nearly $10 billion in assets<\/a><\/strong><\/p>\n<p>\u201cStructural changes in the retail market and logistics supply chain, together with an acceleration of online consumerism, are driving strong demand for quality logistics space to service major population centres in the U.K.,\u201d said Tom Jackson, managing director and head of U.K. real estate at the CPPIB, in the release.<\/p>\n<p>\u201cWe are delighted to be expanding our successful partnership with Goodman and APG to capitalize on the supportive sector fundamentals and increase our exposure to this asset class, ultimately delivering long-term value for CPP contributors and beneficiaries.\u201d<\/p>\n<p>In other investment news, the Public Sector Pension Investment Board and real estate developer Tishman Speyer Properties are acquiring Espace Lumi\u00e8re in Paris from a fund managed by Invesco Real Estate.<\/p>\n<p><strong>Read: <a href=\"https:\/\/www.benefitscanada.com\/news\/psp-investments-sells-off-paris-office-building-121358\">PSP Investments sells off Paris office building<\/a><\/strong><\/p>\n<p>According to a release, the building will be repurposed following the departure of French television network Canal+, which has occupied the space since it opened in 2000.<\/p>\n<p>The acquisition is the latest Paris real estate transaction for the PSP and Tishman Speyer. In 2018, the two&nbsp;organizations sold the <a href=\"https:\/\/www.benefitscanada.com\/news\/psp-investments-sells-off-paris-office-building-121358\">Tour Pacific office building&nbsp;<\/a>to Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Insurance Group for an undisclosed amount.<\/p>\n<p> <a href=\"https:\/\/www.benefitscanada.com\/news\/cppib-ups-u-k-logistics-allocation-psp-invests-in-paris-real-estate-152088\">Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Staff&nbsp;|&nbsp;November 5, 2020 The Canada Pension Plan Investment Board is allocating an additional \u00a3300 million of equity to investments in the U.K.\u2019s logistics sector. The investment is taking place via the Goodman U.K. partnership,&#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\/20145"}],"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=20145"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/20145\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=20145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=20145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=20145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}