Business
CPP Investments and Goodman launch A$14 billion European data centre Partnership
Canada Pension Plan Investment Board (CPP Investments) has signed an agreement to establish a A$14 billion (€8 billion) European data centre partnership with Goodman Group (ASX: GMG). The 50/50 Partnership involves an initial total capital commitment of A$3.9 billion (€2.2 billion) to develop a portfolio of data centre projects in Frankfurt, Amsterdam and Paris.
About this update from Goodman Group
[{"type":"text","content":"TORONTO, Dec. 22, 2025 /CNW/ - Canada Pension Plan Investment Board (CPP Investments) has signed an agreement to establish a A$14 billion (€8 billion) European data centre partnership with Goodman Group (ASX: GMG). The 50/50 Partnership involves an initial total capital commitment of A$3.9 billion (€2.2 billion) to develop a portfolio of data centre projects in Frankfurt, Amsterdam and Paris.","length":415,"tagName":"p"},{"type":"image","alt":"Frankfurt, Germany (CNW Group/Canada Pension Plan Investment Board)","displaySize":"","headline":null,"caption":"Frankfurt, Germany (CNW Group/Canada Pension Plan Investment Board)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":300,"url":"https://media.zenfs.com/en/cnwgroup.com/d60a60e37b3730c9e52746165b07b36d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/uHBJ2gJl9jDQwZ.rFUYI1g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTUyOTtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/d60a60e37b3730c9e52746165b07b36d","width":400,"height":300}},"href":"https://mma.prnewswire.com/media/2848912/Canada_Pension_Plan_Investment_Board_CPP_Investments_and_Goodman.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Goodman European Data Centre Development Partnership (GEDCDP or the Partnership) is CPP Investments' first data centre partnership in Europe, significantly adding to its data centre portfolio. The Partnership's portfolio comprises four projects totalling 435 MW of primary power and 282 MW of IT load – Paris (PAR01 and PAR02), Frankfurt (FRA02) and Amsterdam (AMS01). All projects provide speed to market with secured power connections, planning permits and substantially progressed site infrastructure works, enabling construction commencements by 30 June 2026.","length":575,"tagName":"p"},{"type":"text","content":"Max Biagosch, Senior Managing Director & 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 cap...