Transaction|March 29, 2011
CPPIB completes acquisition of ING Industrial Fund
Torys acted as counsel to Canada Pension Plan Investment Board with a team that included Darren Baccus, Craig Pell, Peter Keenan, Naomi Schoenkin and Wilfred Estey.
On March 29, 2011, Canada Pension Plan Investment Board (CPPIB) and three global investors (the Consortium) acquired ING Industrial Fund for A$1.4 billion.
The Consortium, led by Goodman Trust Australia, a newly established investment vehicle, consists of CPPIB, All Pensions Group and China Investment Corporation. The transaction was subject to various conditions, including approval by IIF unitholders and other other regulatory approvals.
The acquisition will contribute 61 quality industrial properties, predominantly located in Australia's key east coast markets, to Goodman Group's portfolio and will increase Goodman's assets under management to A$17.5 billion.
This transaction represents CPPIB's largest real estate investment in Australia.
Further information is found on the websites of The New Lawyer and CPPIB's website.
The Consortium, led by Goodman Trust Australia, a newly established investment vehicle, consists of CPPIB, All Pensions Group and China Investment Corporation. The transaction was subject to various conditions, including approval by IIF unitholders and other other regulatory approvals.
The acquisition will contribute 61 quality industrial properties, predominantly located in Australia's key east coast markets, to Goodman Group's portfolio and will increase Goodman's assets under management to A$17.5 billion.
This transaction represents CPPIB's largest real estate investment in Australia.
Further information is found on the websites of The New Lawyer and CPPIB's website.