CPP, Goodman to Invest $2.6 Billion in European Data Centers
The Canada Pension Plan Investment Board and Australia’s Goodman Group agreed to set up a multibillion dollar European data center business, as the rise of artificial intelligence drives demand for power and storage sites.Under the partnership, the Canadian pension fund manager and Goodman, an industrial property investment manager, will initially invest A$3.9 billion ($2.6 billion) to develop data center projects in Frankfurt, Amsterdam and Paris, the companies said in a statementBloomberg Term...
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