Australia’s Goodman Group has signed an agreement to establish a AUD 14 billion (EUR 8 billion) European data centre partnership with the Canada Pension Plan Investment Board (CPP Investments). The 50/50 partnership involves an initial total capital commitment of AUD 3.9 billion (EUR 2.2 billion) to develop a portfolio of data centre projects in Frankfurt, Amsterdam and Paris.
The Goodman European Data Centre Development Partnership (GEDCDP) is CPP Investments’ first data centre partnership in Europe, significantly adding to its data centre portfolio. The partnership’s portfolio comprises four projects totalling 435 MW of primary power and 282 MW of IT load – Paris (PAR01 and PAR02), Frankfurt (FRA02) and Amsterdam (AMS01).
“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,” said Goodman Group CEO Greg Goodman.
He added: “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.”
All projects provide speed to market with secured power connections, planning permits and substantially progressed site infrastructure works, enabling construction commencements by 30 June 2026.
“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,” said CPP Investments senior managing director & global head of real assets Max Biagosch.
He added: “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.”
CPP Investments has partnered with Goodman Group since 2009 across Australia, Asia, The Americas and Europe. GEDCDP follows the establishment of the Goodman Hong Kong Data Centre Partnership and other data centre partnerships in Europe and Japan. The transaction will settle in phases and is expected to be completed by March 2026 subject to closing conditions.
