Goodman, CPPIB Launch A$14 Billion European Data Center Partnership
By David Winning
SYDNEY--Goodman Group said it will join with Canada Pension Plan Investment Board to develop data centers in Europe, broadening an alliance that has seen the pair invest in real estate world-wide.
Goodman said the new partnership's value would be 14 billion Australian dollars, equivalent to $9.26 billion. It said the partnership would involve an initial capital commitment of A$3.9 billion to develop a portfolio of data-center projects in Frankfurt, Amsterdam and Paris.
The partnership's portfolio comprises four projects totalling 435 megawatts of primary power and 282 MW of IT load. Two of the projects will be in Paris, with construction due to begin by June 30.
"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," said Goodman Chief Executive Greg Goodman.
Goodman said the phased transaction is likely to be completed by March.
Write to David Winning at david.winning@wsj.com
(END) Dow Jones Newswires
December 22, 2025 16:57 ET (21:57 GMT)
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