CPPIB and LOGOS to form a joint venture.

Canada Pension Plan Investment Board and logistics real estate specialist LOGOS agreed to form a joint venture for the development of modern logistics facilities in Greater Jakarta. Financial terms were not disclosed. "One of the key investment themes for CPP Investments has been Asia's growing middle class and domestic consumption. The growth in Indonesia's e-commerce market has driven the demand for modern logistics facilities. We are pleased to be furthering our partnership with LOGOS and strengthening our position in Indonesia's logistics market," Jimmy Phua, CPPIB Managing Director.