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Goodman China Logistics Holding (GCLH)

Goodman China Logistics Holding (GCLH) is an 80/20 joint venture between Canada Pension Plan Investment Board and Goodman. The vehicle was established in 2009 with an initial equity commitment of US$300 million.  Since its inception, there has been strong support from the joint venture partners, with a total US$2 billion equity allocations made to date to invest in and develop prime logistics space across mainland China.

As at 30 June 2015, GCLH’s portfolio consists of 31 logistics estates in 15 Chinese markets with strategic logistics importance, offering over 2.7 million sqm of GLA on a fully developed basis.

GCLH is focused on market-leading total returns, and invests in high quality logistics assets across China's first and second tier cities.

Key Stats
Total assets AU $2.1 billion
Gearing 1.1%
Number of properties 23 completed, 13 developments, 1 contracted
Occupancy 96%
Weighted Average cap rate 8.5%
1. All figures as at 30 June 2015