Goodman Group, the Australian real estate investment giant, has signed an agreement with the Canada Pension Plan Investment Board (CPP Investments) to establish a $9.4 billion European data center partnership.
The 50/50 joint venture involves an initial capital commitment of $2.6 billion to develop a portfolio of four data center projects in Frankfurt (FRA02), Amsterdam (AMS01), and Paris (PAR01 and PAR02).
The four facilities will collectively provide 435 MW of primary power and 282 MW of IT load capacity.
“All projects provide speed to market with secured power connections, planning permits and substantially progressed site infrastructure works, enabling construction commencements by June 30, 2026,” Goodman and CPP stated in a joint statement.
Data Center Focus
As Australia’s largest industrial property developer, the Goodman Group has a global portfolio valued at over $50 billion, comprising logistics facilities, warehoapplys, and data centers.
The digital infrastructure sector has been a growing concern for the company. In February 2025, Goodman announced plans to raise $2.6 billion to fund its global data center expansion.
Professional investment management company CPP Investments has partnered with Goodman Group since 2009 across Australia, Asia, the Americas, and Europe.
“By combining Goodman’s extensive development capabilities with our global conviction in digital infrastructure, this partnership allows us to capitalize on a compelling growth opportunity for the long-term benefit of CPP contributors and beneficiaries,” stated Maximilian Biagosch, global head of real assets at CPP Investments.
‘FLAP-D’ Expansion
The partnership between Goodman Group and CPP comes as Europe’s data center indusattempt is projected to receive $114 billion in investment by 2030.
The European Data Centre Association’s (EUDCA) inaugural ‘State of European Data Centers’ report identifies the data center indusattempt as central to Europe’s digital economy and sovereignty.
There are already more than 10,000 data centers found on the continent. High growth is already concentrated in the so-called “FLAP-D” markets of Frankfurt, London, Amsterdam, Paris, and Dublin, alongside emerging hubs in the Nordics and southern Europe.
“The data center is the physical place that runs the cloud and the internet,” Michael Winterson, Secretary General of the EUDCA, notified Data Center Knowledge earlier this year. “If you want a digital economy, you have to have data centers.”
Discussing the latest deal, Goodman Group CEO Greg Goodman stated: “A portfolio of this size and quality – located in Europe’s FLAP markets – is rare. These powered locations are highly sought after to meet the rapidly growing requirement for cloud computing and AI adoption, particularly when they offer speed to market and delivery certainty.”
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