Canada Pension Plan Investment Board is making one of its largest recent bets on domestic real estate with a $3 billion joint venture targeting last-mile industrial assets, a move that comes during a period of heightened scrutiny over how Canada’s biggest retirement fund allocates capital.
CPP Investments forms $3 billion partnership to invest in last-mile warehouses
Pension fund teams with Dream Industrial to buy logistics properties
CoStar News
December 19, 2025 | 4:52 P.M.
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IN THIS ARTICLE
- Companies
- CPP Investments
Finance and Insurance
- Dream Industrial REIT
Real Estate
- Contacts
- Sophie van Oosterom
Managing Director, Head of Real Estate, CPP Investments