The #Canada Pension Plan Investment Board is investing US$200-million in a joint venture aimed at tapping into the growth of online shopping in #Indonesia.
#CPPIB will work with Australian logistics real estate specialist #LOGOS to develop new facilities for third-party #logistics operators, data centres and other industrial tenants in the Greater Jakarta area. Third-party logistics operators provide #warehouses, #transportation and other services to help clients fulfill e-commerce orders.
Indonesia’s #ecommerce market was worth about US$8-billion in 2017, according to a 2018 report by McKinsey and Co. The global consulting firm projected that will surge to between US$55-billion and US$65-billion by 2022, comparing the growth trajectory with that seen in China between 2010 and 2015.
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#CPPIB will work with Australian logistics real estate specialist #LOGOS to develop new facilities for third-party #logistics operators, data centres and other industrial tenants in the Greater Jakarta area. Third-party logistics operators provide #warehouses, #transportation and other services to help clients fulfill e-commerce orders.
Indonesia’s #ecommerce market was worth about US$8-billion in 2017, according to a 2018 report by McKinsey and Co. The global consulting firm projected that will surge to between US$55-billion and US$65-billion by 2022, comparing the growth trajectory with that seen in China between 2010 and 2015.
Access @globeandmail article via our Twitter post.
#StaySafe #StayHealthy
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