LPNEWS

Cpp Investments And Esr Upsize Joint Investment In Korea Income Jv To Us$1 Billion

by benzinga.com posted 5months ago 17 views
New capital will fund further opportunities in Korean logistics real estate SEOUL and HONG KONG, April 22, 2021 /CNW/ - Canada Pension Plan Investment Board ("CPP Investments") and ESR Cayman Limited ("ESR"; SEHK Stock Code: 1821) today announced an expansion of their Korea Income Joint Venture ("Korea Income JV"). CPP Investments and ESR will collectively upsize their investment in the vehicle by a further US$500 million, with CPP Investments contributing the majority of the capital. The new capital will effectively double the size of the venture to US$1 billion in total equity allocation.

In this article