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 31 March 2015, GCLH’s portfolio consists of 29 logistics projects in 13 Chinese markets with strategic logistics importance, offering over 2.6 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.

(all figures as at 31 March 2015)

Key Stats
Total assets AU $1.8 billion
Gearing 9.4%
Number of properties                                   22 completed, 10 developments, 1 contracted                                                        
Occupancy 95%
Weighted Average cap rate 6.8%