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Goodman Group, Canada's CPPIB Strike $9.3 Billion Deal for Europe Data Centres
The A$14 billion partnership targets cloud and AI growth with a 50/50 capital commitment of A$3.9 billion to develop four data centres across Europe.
- On Dec. 22, 2025, Canada Pension Plan Investment Board signed an agreement with Goodman Group to establish a A$14 billion European data centre partnership, announced in Toronto.
- By combining capabilities, the partners aim to capitalise on long-term growth for CPP contributors and beneficiaries using Goodman's powered landbank and CPP Investments' expertise, enabling construction commencements by 30 June 2026 to meet cloud computing and AI demand.
- The partnership's initial funding package includes a A$3.9 billion initial capital commitment for four projects in Frankfurt, Amsterdam and Paris, with CPP Investments' 50 per cent share about $1.8 billion.
- The deal establishes the Goodman European Data Centre Development Partnership as CPP Investments' first European data centre partnership, with phased settlement expected to complete by March next year subject to closing conditions.
- Industry data suggests global demand for data centre capacity is expected to almost triple by the end of the decade, while Goodman Group reports data centres form almost 60 per cent of its development works across 13 major global cities.
18 Articles
18 Articles
The Canada Pension Plan Investment Board (CPP Investments) announced the signing of a partnership agreement with Goodman Group to create a portfolio of European data centres.
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CPP Investments signs new European data centre partnership with Goodman Group
Canada Pension Plan Investment Board says it has signed a partnership agreement with Goodman Group to establish a portfolio of European data centres. CPP Investments' 50 per cent share of the initial capital commitment comes in at about $1.
Goodman Group, Canada's CPPIB strike $9.3 billion deal for Europe data centres
Dec 23 : Australian data centre landlord Goodman Group said on Tuesday it had signed a A$14 billion ($9.32 billion) partnership agreement with Canada Pension Plan Investment Board to develop data centre projects in Frankfurt, Amsterdam and Paris.The 50-50 venture, CPPIB's first data centre partnershi
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