Goodman Group has teamed up with the Canada Pension Plan Investment Board (CPP Investments) to establish a €8 billion (US$9.4bn) European data center partnership.The 50/50 venture will see the companies commit an initial €2.2bn (US$2.59bn) to develop a portfolio of data center projects across Frankfurt, Amsterdam, and Paris.

“We are pleased to expand our longstanding partnership with Goodman Group and establish a strong European foothold in the data center sector across key Tier 1 markets, aligned with our global data center strategy. By combining Goodman’s extensive development capabilities and powered landbank, with our global expertise in digital infrastructure investments, this partnership allows us to capitalise on a compelling growth opportunity for the long-term benefit of CPP contributors and beneficiaries,” said Max Biagosch, senior managing director and global head of real assets at CPP Investments.

“A portfolio of this size and quality – located in Europe’s FLAP markets – is rare. These powered locations are highly sought after to meet the rapidly growing requirement for cloud computing and AI adoption, particularly when they offer speed to market and delivery certainty. The quality and scale of this partnership make it ideal for our long-term relationship with CPP Investments. We’re pleased to be investing alongside them for their entry into the European data center market,” said Greg Goodman, CEO of Goodman Group.