Goodman Group is to increase its presence in China after signing off on a US$500 million increase in its equity allocation to  its Goodman China Logistics Holding (GCLH) joint venture.

The deal will see US$400 million contributed by CPPIB and US$100 million by Goodman.

Goodman chief executive Greg Goodman said the increased cash, the joint venture partners have allocated a combined US$2 billion, is to invest in and develop prime logistics space across mainland China. GCLH was formed in 2009 with an initial equity commitment of US$300 million.

Read more:


DISCLAIMER: This disclaimer is a requirement of the Securities Industry Legislation Act. The writer of this article is not a practicing lawyer or financier. The information, statements and opinions expressed are intended only as a guide as to some of the important considerations to be taken into account relating to property investment. I strongly suggest that you consult with licensed professionals such as accountants, Lawyers, Valuers, Development Consultants, Quantity Surveyors and others, BEFORE signing any contracts or other binding documents.

Sign up and receive the latest Future Wealth Management News

Join our subscribers who receive our weekly newsletter, Future Wealth, with the latest updates on taxation, property investing and finance news

You have Successfully Subscribed!