This week in asset owner history: CPPIB eyes Southeast Asia logistics assets
The Canadian pension fund has developed a bullish approach to opportunities in owning modern warehouses throughout Asia.
Asia's growing spending power, smartphone use and penchant for e-commerce have been like rocket fuel for some industries like logistics and will continue to be so for the foreseeable future, giving associated real estate a big leg-up.
Jimmy Phua, CPPIB
That was the view of Jimmy Phua, head of real estate investments for Canada Pension Plan Investment Board (CPPIB) in January 2019.
In the hunt for modern warehouses and distribution centres to develop and rent out to logis…
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