PGGM, APG Asset Management, CPP Investment Board, and CBRE Investment Management completed a $2.7bn investment in Goodman Hong Kong Data Centre Partnership (GHKDC).

PGGM, a pension provider company; APG Asset Management, an investment management firm; CPP Investment Board, a global investment management organization; and CBRE Investment Management, a global real asset investment management firm, completed a $2.7bn investment in Goodman's Hong Kong Data Centre Partnership (GHKDC), a private institutional investment vehicle focused exclusively on the Hong Kong data center market. “Demand for data centers in Hong Kong and Tokyo continues to grow with limited supply alternatives. The strength of the Goodman platform is enabled by our land in prime locations, secured power, an experienced team, and access to capital. Combined, these factors position us well to continue delivering to the scale and quality that meets the needs of our customers. With a future development power bank of over 1GW across these major cities, we are confident in our ability to deliver the modern, high-performance infrastructure essential to Asia’s digital economy,” Paul McGarry, Goodman Group head of Asia.