GLP launching €2bn logistics fund backed by CPPIB and QuadReal

Magna Park Kassel, Germany

GLP is partnering with QuadReal Property Group and Canada Pension Plan Investment Board (CPPIB) to launch a €2bn (£1.77bn) logistics fund.

The partners are putting in €1bn of equity to establish GLP Continental Europe Development Partners I (GLP CDP I). CPPIB alone will contribute €450m to GLP CDP I.

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