The Canadian pension fund and Australian property developer have increased their firepower for deals ahead of a 5G rollout that is set to deliver a major fillip to Chinese e-commerce.
The Canadian pension fund has made three investments in China properties and may well do more, in a sign of the market's ongoing appeal to long-term foreign investors.
Jimmy Phua discusses the Canadian pension fund's latest investment, its reliance on long-term partners and its plans for the coming years.
The $208 billion Canada Pension Plan Investment Board wants to build its Asian asset portfolio via further joint ventures, as it allocates another $400 million to a China logistics JV.
Amid a gloomy outlook on China, Canada's second largest pension fund recently increased its stake in a mainland logistics company, and plans to invest more.
Its investment manager commits $400 million to a fund that develops and leases warehouse and distribution centres in China, pointing to the sector's rapid growth potential.