CPPIB acquires major stake worth around USD 248 million in GHKLP
Date: 2017-12-08   Author: Saipriya Iyer  Category: #news

CPPIB acquires major stake worth around USD 248 million in GHKLP

The logistics & real estate sector in Hong Kong may have just witnessed a rather remunerative step toward its development. As per sources, the Canada Pension Plan Investment Board (CPPIB) made an investment of nearly USD 248. 4 million in Goodman Hong Kong Logistics Partnership (GHKLP) to acquire the latter’s stocks.

For the record, GHKLP currently, is the leading provider of modern warehouse space in Hong Kong with possession of twelve properties and fifty percent stake in Container Terminal 3 based in the country. It is also an international industrial property group handling real estate property such as commercial spaces, logistics services, and warehouses across sixteen countries. Market analysts have claimed that the firm has exhibited a high performance in the logistics & real estate sector since its initiation in 2006.

According to the head of CPPIB’s real estate investment division in Asia, the logistics sector in Hong Kong possesses an immense growth potential with the city’s strategic location seen as a passage to China. He also further stated CPPIB’s cordial business relationships with Goodman will help it to expand across the rapidly expanding logistics industry. As per reliable sources, GHKLP has invested USD 3.675 billion in nearly thirteen assets across the country, which also includes a fifty percent interest in the joint venture of Goodman Interlink and CPPIB.

Experts are of the view that limited supply of high quality commercial space in Hong Kong and escalating global demand for land properties have succored the growth of real estate sector in the country. Industry analysts have further predicted that the strategic move will help CPPIB, a major real estate investor in Hong Kong, to expand its business in the country.  Even the rapidly emerging eCommerce industry in Asia and the geographical location of the country is expected to attract more investors towards the logistics & real estate sector of the country.



About Author


Saipriya Iyer

Saipriya Iyer

Saipriya Iyer currently works as a content developer for AlgosOnline. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her belt, she has dabbled with website...

Read More

More from Saipriya


Post Recommendents

Wabtec bags train components order for Singapore Mass Rapid Transit
Author: Pankaj Singh

Wabtec Corporation, a leading systems, equipment, value-added services and digital solutions provider, has reportedly announced that it has bagged a new order from South Korean firm, Hyundai Rotem Company, for supplyin...


Global Sports Science Equipment Market - Detailed Analysis of Current Industry Figures with Forecasts Growth By 2026
Author: Partha Ray

The ' Sports Science Equipment market' study recently added by Market Study Report, LLC, offers an in-depth analysis of the current market trends influencing this business vertical. The study also includes market valuation, market size, re...


Secondary LMB Market Size, Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts to 2026
Author: Partha Ray

The ' Secondary LMB market' study now available with Market Study Report, LLC, delivers a concise outlook of the powerful trends driving market growth. This report also includes valuable information pertaining to market share, market size,...