Canada Pension Plan Investment Board (CPP Investments) has agreed to form a partnership with Goodman Group, a global real estate group, to develop four European data centers valued at around US$ 9.4 billion. The portfolio comprises two sites in Paris (PAR01 and PAR02), one in Frankfurt (FRA02) and another one in Amsterdam (AMS01).
Combined, these projects represent 435 MW of primary power capacity and 282 MW of IT load with construction expected to commence at the end of June 2026. All sites have secured power connections and planning approvals, with site infrastructure works substantially progressed.
In a press release this partnership, known as the Goodman European Data Center Development Partnership, said that it will begin with an initial capital commitment of around US$ 2.6 billion. The capital will fund all four data center projects across Frankfurt, Amsterdam and Paris. The deal marks CPP Investments’ first dedicated data center partnership in Europe, expanding its exposure to digital infrastructure in the region’s largest data center markets.
Max Biagosch, Senior Managing Director & Global Head of Real Assets for CPP Investments said, “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.”
Goodman Group CEO Greg Goodman said, “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.”
CPP Investments and Goodman have partnered since 2009 across Australia, Asia, the Americas and Europe. The transaction is expected to conclude in stages by March 2026, but remains subjected to customary closing conditions.