CPP Investments signs new European data centre partnership with Goodman Group

Advertisement

Advertise with us

Canada Pension Plan Investment Board says it has signed a partnership agreement with Goodman Group to establish a portfolio of European data centres. 

Read this article for free:

or

Already have an account? Log in here »

To continue reading, please subscribe:

Monthly Digital Subscription

$0 for the first 4 weeks*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles

*No charge for 4 weeks then price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.

Monthly Digital Subscription

$4.75/week*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles

*Billed as $19 plus GST every four weeks. Cancel any time.

To continue reading, please subscribe:

Add Free Press access to your Brandon Sun subscription for only an additional

$1 for the first 4 weeks*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles
Start now

No thanks

*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.

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 $1.8 billion. 

The announcement marks CPP Investments’ first data centre partnership in Europe, where the entities will look to develop projects in Amsterdam, Paris and Frankfurt, Germany.   

Signage is seen in the reception of CPP Investments' Toronto offices, on Thursday, Sept. 21, 2023. THE CANADIAN PRESS/Chris Young
Signage is seen in the reception of CPP Investments' Toronto offices, on Thursday, Sept. 21, 2023. THE CANADIAN PRESS/Chris Young

Max Biagosch, senior managing director and global head of real assets for CPP Investments, says the transaction could help the fund establish a strong European foothold in the data centre sector across key markets. 

The transaction is subject to closing conditions and is expected to be completed by March next year.   

The move comes after the pension fund announced in July it would provide $225 million in funding for an Ontario data centre through a 50 per cent interest in a construction loan with Deutsche Bank Private Credit and Infrastructure.

This report by The Canadian Press was first published Dec. 22, 2025.

Report Error Submit a Tip

Business

LOAD MORE