CPP Investments, Dream Industrial and Dream formed a $3bn joint venture.

CPP Investments, a global investment management organization, Dream Industrial, a company that owns and operates urban logistics and distribution assets, and Dream, a purpose-driven real estate asset manager, formed a $3bn joint venture. “The Canadian industrial sector continues to demonstrate resilient demand and meaningful long-term growth drivers, supported by a structurally high need for well-located space as supply chains and logistics continue to evolve. By partnering with Dream, a leading institutional asset manager and operating platform, we can efficiently scale our exposure in the Canadian market to capture this growth and drive long-term value for the benefit of CPP contributors and beneficiaries,” Sophie van Oosterom, CPP Investments Managing Director and Head of Real Estate.