Our presence in Greater China started in 2001 via our involvement in the Shanghai Business Park. Our footprint was expanded in March 2005 with the establishment of the Hong Kong office. Today, we have six offices in the region with more than 380 employees.In August 2009, Goodman embarked on new strategic relationships with China Investment Corporation (CIC) and Canadian Pension Plan Investment Board (CPPIB) aimed at further strengthening the logistics platform in Greater China. CIC now holds a 9.9% effective stake in the Group. A joint venture was formed with CPPIB to own and develop logistics properties in mainland China.
With total assets under management of approximately 3.6 million sqm, we are one of the largest logistics space providers in Greater China. In addition, we manage two unlisted real estate funds in the region: