Wedoany.com Report-Jan.2, Canada Pension Plan Investment Board (CPP Investments), based in Toronto, and Goodman Group, an Australian property group, have signed an agreement to form the Goodman European Data Centre Development Partnership (GEDCDP).

This 50/50 joint venture involves a planned total investment of A$14 billion (approximately €8 billion or $9.3 billion). It marks CPP Investments' first dedicated data centre partnership in Europe, strengthening its position in the digital infrastructure sector.

An initial capital commitment of A$3.9 billion (€2.2 billion) will fund the development of four data centre projects. These include two sites in Paris (PAR01 and PAR02), one in Frankfurt (FRA02), and one in Amsterdam (AMS01). The portfolio will deliver a combined primary power capacity of 435 MW and 282 MW of IT load.

Each project has secured power connections, necessary planning permits, and advanced site infrastructure works. This setup enables construction to start by June 30, 2026.

The partnership builds on a long-standing collaboration between CPP Investments and Goodman Group that began in 2009. The two entities have worked together on projects across Australia, Asia, the Americas, and Europe. The GEDCDP follows previous data centre initiatives, such as the Goodman Hong Kong Data Centre Partnership and other ventures in Japan and Europe.

Max Biagosch, Senior Managing Director and Global Head of Real Assets for CPP Investments, stated: “We are pleased to expand our longstanding partnership with Goodman Group and establish a strong European foothold in the data centre sector across key Tier 1 markets, aligned with our global data centre 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.”

Goodman Group CEO Greg Goodman said: “A portfolio of this size and quality – located in Europe’s Frankfurt, London, Amsterdam, and Paris (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 centre market.”

The transaction will proceed in phases, with completion expected by March 2026, subject to standard closing conditions.

This initiative supports the increasing demand for reliable data centre capacity in key European markets. The focus on prime locations in Frankfurt, Amsterdam, and Paris positions the partnership to address needs driven by expanding cloud services and artificial intelligence applications.