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Goodman, CPP Investment Board and APG launch £1bn UK Logistics Partnership

Thursday, 8 October 2015

Goodman Group (Goodman), Canada Pension Plan Investment Board (CPPIB) and APGAsset Management (APG) are pleased to announce the establishment of the Goodman UKLogistics Partnership (Partnership).

Summary:

+   New Partnership brings over £1 billion of investment capacity for high quality UK logistics and industrial development  opportunities
+   Initial portfolio comprises two developments in proven logistics locations close to London and Birmingham, for a combined 590,000 sq ft
+   Targeting further high quality logistics and industrial property opportunities acrossthe investment spectrum

With a flexible strategy in place, the Partnership will be able to undertake a wide range ofinvestment styles, including development, value-add and core investment. Each investor willcommit £200 million for a 33% interest in the Partnership, providing the vehicle with a combinedinitial equity commitment of £600 million and an investment capacity in excess of £1 billion.

Goodman Group CEO, Mr. Greg Goodman, said: “We welcome APG and CPPIB into this newpartnership, which continues to demonstrate our successful capital partnering approach and thestrong support we have from leading global investor groups.”

Andrea Orlandi, Managing Director and Head of Real Estate Investments Europe, CPPIB said“This investment fits well with our long term investment horizon as we expect the demand forhigh-quality logistics space to continue growing significantly. In addition, this is an excellentopportunity for us to deepen our existing relationships with Goodman and APG, andconsolidates Goodman as a truly global real estate partner for CPPIB”.

Robert-Jan Foortse, Head of European Property Investments at APG Asset Management seespartnerships such as this as very suitable for investing in real estate. “Over the years we haveworked with Goodman in several other jurisdictions. They are a leading owner, manager andoperator of logistic real estate. We are pleased to extend our relationship with Goodman to theUK. We are equally pleased to be working with CPPIB in the Partnership. We believe thisPartnership is well-placed to enter the UK market, and we look forward to build up a high qualityportfolio of logistics assets for our clients.”

-Ends-

For further information, please contact:

Goodman
Goodman Team at Red Consultancy: 020 7025 6610
goodmanteam@redconsultancy.com

Canada Pension Plan Investment Board (CPPIB)
Mei Mavin, Director, Corporate Communications T: +44 20 3205 3515
mmavin@cppib.com

APG Asset Management
Harmen Geers, Head of Media Relations
T: +31 2060 49136
E: harmen.geers@apg.nl 

About Goodman Group (ASX: GMG)

Goodman Group is an integrated property group with operations throughout Australia, NewZealand, Asia, Europe, the United Kingdom, North America and Brazil. Goodman Group,comprised of the stapled entities Goodman Limited, Goodman Industrial Trust and GoodmanLogistics (HK) Limited, is the largest industrial property group listed on the Australian SecuritiesExchange and one of the largest listed specialist fund managers of industrial property andbusiness space globally.

Goodman’s global property expertise, integrated own+develop+manage customer service offeringand significant fund management platform ensures it creates innovative property solutions thatmeet the individual requirements of its customers, whilst seeking to deliver attractive longterm returns for investors. In Europe, Goodman has offices in the UK, Germany, the Netherlands,Belgium, Luxembourg, France, Spain, Poland, Czech Republic, Hungary and Slovakia.

For more information visit www.goodman.com\

About CPPIB

Canada Pension Plan Investment Board (CPPIB) is a professional investment managementorganization that invests the funds not needed by the Canada Pension Plan (CPP) to paycurrent benefits on behalf of 18 million contributors and beneficiaries. In order to build adiversified portfolio of CPP assets, CPPIB invests in public equities, private equities, real estate,infrastructure and fixed income instruments. Headquartered in Toronto, with offices in HongKong, London, Luxembourg, New York City and São Paulo, CPPIB is governed and managedindependently of the Canada Pension Plan and at arm's length from governments. At June 30,2015, the CPP Fund totalled C$268.6 billion. For more information about CPPIB, please visitwww.cppib.com.

About APG Asset Management N.V.

APG Asset Management N.V. is a Dutch pension fund asset manager in the Netherlands. For itspension fund clients and their 4.5 million active and retired participants from the public andprivate sectors representing over 30% of all collective pension schemes in the Netherlands, APGAsset Management N.V. manages pension assets of more than €400 billion.https://www.apg.nl/en/apg-as-asset-manager.