Goodman North American Partnership (GNAP) was launched in August 2012 and is the investment vehicle for all North American assets developed and sourced by Goodman.
GNAP is a partnership between the Canadian Pension Plan Investment Board (CPPIB) (45%) and Goodman (55%). CPPIB and Goodman have committed an equity amount of US$2.0 billion.
GNAP’s investment strategy is focused on the development of and investment in prime quality logistics and industrial facilities in key locations across North America. Opportunities will be sought in the key West Coast logistics hubs of Los Angeles, Inland Empire, San Francisco, and Seattle, with New Jersey and Philadelphia to be targeted on the East Coast. Other key logistics hubs based around inland ports, intermodals and tier one sea ports will also be considered.
Since the launch, GNAP has identified and secured a development pipeline of US$1.4 billion providing 15 million s.f. of warehouse distribution product.
|Total Assets||$328.1 million|
|1. All figures as at 31 December 2014|