Canada Pension Plan Investment Board (CPP Investments) has formed a A$14bn (€8bn) European data centre partnership with Goodman.
The pair have created the Goodman European Data Centre Development Partnership (GEDCDP), an equal partnership with an initial total capital commitment of A$3.9bn to develop a portfolio of data centre projects in Frankfurt, Amsterdam and Paris.
GEDCDP’s portfolio comprises four projects totalling 435MW of primary power and 282 MW of IT load. Construction is scheduled to begin by 30 June 2026.
CPP Investments and Goodman have been partners since 2009, with ventures across Australia, Asia, the Americas and Europe. The latest partnership follows similar data centre collaborations between the two firms in Europe and Japan, as well as the Goodman Hong Kong Data Centre Partnership.
Max Biagosch, senior MD and global head of real assets for CPP Investments, said: “We are pleased to expand our longstanding partnership with Goodman Group and establish a strong European foothold in the data centre sector across key Tier 1 markets, aligned with our global data centre strategy.
“By combining Goodman’s extensive development capabilities and powered landbank, with our global expertise in digital infrastructure investments, this partnership allows us to capitalise on a compelling growth opportunity for the long-term benefit of CPP contributors and beneficiaries.”
Greg Goodman, group CEO of Goodman Group, said a portfolio of this size and quality – located in Europe’s FLAP [Frankfurt, London, Amsterdam and Paris] markets – is rare.
“These powered locations are highly sought after to meet the rapidly growing requirement for cloud computing and AI adoption, particularly when they offer speed to market and delivery certainty. The quality and scale of this partnership make it ideal for our long-term relationship with CPP Investments.”
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