Goodman Group strikes $9.3 billion deal with Canada’s CPPIB to build data centres in Europe

Australia’s Goodman Group has struck a A$14 billion ($9.32 billion) partnership with Canada Pension Plan Investment Board (CPPIB) to build data centres across Europe, deepening its foothold in ‌the region’s fast-growing AI ‌infrastructure market.

Interest in data centres has swelled this year as tech giants and artificial intelligence hyperscalers have planned billions ‌of dollars in spending to scale up infrastructure.

The partnership with the Canadian pension fund aligns with the AI ambitions of Australia’s biggest property developer, which said earlier this year that it would expand its data centre business.