* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, October 8, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Offset Is Ready To Finalize Divorce With Cardi B for a Major Reason – Yahoo

    Offset Poised to Finalize Divorce from Cardi B for a Major Reason

    Beyond the Stage: 8 Performing Arts Centers Driving Entertainment and Education – Livability.com

    Beyond the Stage: 8 Performing Arts Centers Transforming Entertainment and Education

    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Charlie Hunnam Reflects on Playing a Serial Killer in Monster: The Ed Gein Story – Yahoo

    Charlie Hunnam Reveals the Dark Challenges of Playing a Serial Killer in Monster: The Ed Gein Story

    “Reba” cast, then and now: See the stars 24 years later (and who’s reunited for another show) – Yahoo

    “Reba” cast, then and now: See the stars 24 years later (and who’s reunited for another show) – Yahoo

    Why Taylor Swift Name-Dropped Elizabeth Taylor in Her New Album – Yahoo

    Here’s Why Taylor Swift Dropped Elizabeth Taylor’s Name in Her New Album

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    ENERCON and Biome collaborate for wind turbine noise reduction technology – Yahoo Finance

    ENERCON and Biome Join Forces to Revolutionize Wind Turbine Noise Reduction

    US and investors gambling on unproven nuclear technology, warn experts – Financial Times

    US and investors gambling on unproven nuclear technology, warn experts – Financial Times

    Is Light-Speed Analog Computing the Future of Technology? – BIOENGINEER.ORG

    Could Light-Speed Analog Computing Transform the Future of Technology?

    ARM Institute opens technology project call to speed submarine manufacturing – The Robot Report

    ARM Institute Unveils Cutting-Edge Technology Project to Revolutionize Submarine Manufacturing

    Forget Cowbells. Cows Wear High-Tech Collars Now. – The New York Times

    Ditch the Cowbells: Discover the High-Tech Collars Transforming Cattle Care

    What the Recent Price Surge Means for Figure Technology Solutions After SEC Settlement – Yahoo Finance

    What the Recent Price Surge Reveals About Figure Technology Solutions Following SEC Settlement

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Offset Is Ready To Finalize Divorce With Cardi B for a Major Reason – Yahoo

    Offset Poised to Finalize Divorce from Cardi B for a Major Reason

    Beyond the Stage: 8 Performing Arts Centers Driving Entertainment and Education – Livability.com

    Beyond the Stage: 8 Performing Arts Centers Transforming Entertainment and Education

    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Charlie Hunnam Reflects on Playing a Serial Killer in Monster: The Ed Gein Story – Yahoo

    Charlie Hunnam Reveals the Dark Challenges of Playing a Serial Killer in Monster: The Ed Gein Story

    “Reba” cast, then and now: See the stars 24 years later (and who’s reunited for another show) – Yahoo

    “Reba” cast, then and now: See the stars 24 years later (and who’s reunited for another show) – Yahoo

    Why Taylor Swift Name-Dropped Elizabeth Taylor in Her New Album – Yahoo

    Here’s Why Taylor Swift Dropped Elizabeth Taylor’s Name in Her New Album

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    ENERCON and Biome collaborate for wind turbine noise reduction technology – Yahoo Finance

    ENERCON and Biome Join Forces to Revolutionize Wind Turbine Noise Reduction

    US and investors gambling on unproven nuclear technology, warn experts – Financial Times

    US and investors gambling on unproven nuclear technology, warn experts – Financial Times

    Is Light-Speed Analog Computing the Future of Technology? – BIOENGINEER.ORG

    Could Light-Speed Analog Computing Transform the Future of Technology?

    ARM Institute opens technology project call to speed submarine manufacturing – The Robot Report

    ARM Institute Unveils Cutting-Edge Technology Project to Revolutionize Submarine Manufacturing

    Forget Cowbells. Cows Wear High-Tech Collars Now. – The New York Times

    Ditch the Cowbells: Discover the High-Tech Collars Transforming Cattle Care

    What the Recent Price Surge Means for Figure Technology Solutions After SEC Settlement – Yahoo Finance

    What the Recent Price Surge Reveals About Figure Technology Solutions Following SEC Settlement

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

CPPIB to Net $245M Selling Partial Stake in Korea Development JV With ESR and APG

February 22, 2024
in Technology
CPPIB to Net $245M Selling Partial Stake in Korea Development JV With ESR and APG
Share on FacebookShare on Twitter

2024/02/21 by Christopher Caillavet Leave a Comment

The new perpetual fund is seeded with Bucheon Logistics Park and six other assets

The Canada Pension Plan Investment Board has agreed to the sale of a 21 percent partial interest in the Kendall Square Development Venture with ESR and APG in South Korea, with CPPIB poised to net $245 million in proceeds from the transaction.

The KDV I joint venture was set up in 2015 by CPPIB, Dutch pension fund manager APG and Hong Kong-listed ESR, with the Toronto-based institution’s initial investment amounting to $175 million, it said Tuesday in a release. The JV was upsized in 2018 and 2019.

The identity of the buyer wasn’t disclosed. CPPIB will remain an investor with a 24 percent stake in the newly formed ESR Korea Logistics Core Fund, a perpetual open-ended vehicle that will house KDV I’s stabilised assets.

“Korea is one of the most developed e-commerce markets in Asia with sustained demand for quality logistics facilities,” said Gilles Chow, head of North Asia real estate at CPPIB. “Through our longstanding partnership with ESR and APG, we have been able to capture opportunities in this space. The partial sale of our stake in KDV I allows us to monetise the investment to deliver returns to the CPP Fund while remaining committed to this important sector.”

Core Fund Emerges

The new perpetual fund’s seven seed assets have a combined gross floor area of 1 million square metres (10.8 million square feet) and are described as best-in-class warehouses in strategic prime locations, mainly in the Greater Seoul and Greater Busan areas. An ESR source identified the flagship asset as Bucheon Logistics Park, a 304,916 square metre facility in suburban Seoul’s Gyeonggi province.

Gilles Chow of CPPIB

Gilles Chow, head of North Asia real estate at CPPIB

ESR first revealed the newly formed fund last week. The fund manager’s Korean platform with CPPIB and APG dates back more than eight years to when the pension managers forged a $500 million development joint venture with ESR precursor e-Shang.

The partnership expanded in 2020 to launch a second development JV with $1 billion as the initial equity allocation. The partners upsized the venture to a potential $2 billion in equity investment capacity in 2022.

ESR and CPPIB also have their 2018-vintage Korea Income Joint Venture as a vehicle to invest in income-producing logistics assets in Asia’s fourth-largest economy. The two partners added $500 million to Korea Income JV in 2021, effectively doubling the size to $1 billion in total equity allocation.

AUM Expansion

The fresh boost to CPPIB’s kitty comes after the board last week reported assets under management of C$590.8 billion ($436.7 billion) for its fiscal third quarter, up from C$576.1 billion at the end of the previous quarter.

Contributions during the December-ended quarter included A$97 million ($63.5 million) in gross proceeds from the sale of a Perth mall to Hong Kong private equity powerhouse PAG. Midland Gate Shopping Centre marks the final asset disposition from Vicinity Retail Partnership, a joint venture set up with Australia’s Future Fund in 2010.

CPPIB also partnered with Blackstone and funds affiliated with Rialto Capital to acquire a 20 percent equity stake for $1.2 billion in a venture that holds a $16.8 billion senior commercial mortgage loan portfolio, primarily in the New York metropolitan area.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : MingTiandi – https://www.mingtiandi.com/real-estate/logistics/cppib-to-net-245m-selling-partial-stake-in-korea-development-jv-with-esr-and-apg/

Tags: CPPIBSELLINGtechnology
Previous Post

No. 15 Creighton Impresses CBB Fans With Dominant Upset Win Over No. 1 UConn

Next Post

Singapore’s Keppel REIT Marketing $230M Seoul Office Tower

GenoPalate Advances Its Science Again With Diet Snapshot – Yahoo Finance

GenoPalate Advances Its Science Again With Diet Snapshot – Yahoo Finance

October 8, 2025
Horses making the rounds at Florida hospitals – The Union Democrat

Horses Bringing Joy and Healing to Florida Hospitals

October 8, 2025
ENERCON and Biome collaborate for wind turbine noise reduction technology – Yahoo Finance

ENERCON and Biome Join Forces to Revolutionize Wind Turbine Noise Reduction

October 8, 2025
Cancun’s Sports Bar & Grill opens second location in North Tallahassee – Tallahassee Democrat

Cancun’s Sports Bar & Grill Expands with Exciting New Location in North Tallahassee

October 8, 2025
Welcome Home: World Aquatics Breaks Ground on Future Headquarters in Budapest – World Aquatics

Welcome Home: World Aquatics Launches Exciting New Headquarters in Budapest

October 8, 2025
New Zealand Surprises With Larger Rate Cut as Economic Concerns Mount – Bloomberg.com

New Zealand Surprises Markets with Larger-Than-Expected Rate Cut Amid Rising Economic Concerns

October 8, 2025
Offset Is Ready To Finalize Divorce With Cardi B for a Major Reason – Yahoo

Offset Poised to Finalize Divorce from Cardi B for a Major Reason

October 8, 2025
Health Rounds: Genetics play a role in higher depression risk for women – Reuters

How Genetics Shape Depression Risk in Women: What Everyone Should Understand

October 8, 2025
October 7, 2025 – Federal government shutdown – CNN

October 7, 2025 – Federal government shutdown – CNN

October 8, 2025
Blackwater photos suggest new symbiosis between fish and anemones – EurekAlert!

Breathtaking Blackwater Photos Unveil an Unexpected Alliance Between Fish and Anemones

October 8, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (857)
  • Economy (878)
  • Entertainment (21,751)
  • General (17,483)
  • Health (9,920)
  • Lifestyle (891)
  • News (22,149)
  • People (879)
  • Politics (889)
  • Science (16,089)
  • Sports (21,379)
  • Technology (15,859)
  • World (861)

Recent News

GenoPalate Advances Its Science Again With Diet Snapshot – Yahoo Finance

GenoPalate Advances Its Science Again With Diet Snapshot – Yahoo Finance

October 8, 2025
Horses making the rounds at Florida hospitals – The Union Democrat

Horses Bringing Joy and Healing to Florida Hospitals

October 8, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version