CPP Backs $800M Joint Venture with Bridge Industrial to buy Industrial Properties

1/16/2025

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Bisnow

• Subcategory: Capital Markets: Equity, Industrial: Warehouse

• Tag: Investment | JV-Partnership | Strategy

• Additional Filters-Subcategory: Capital Markets: Equity-Investment, Capital Markets: Fund-Development

• Company: Bridge Industrial

Chicago-based Bridge Industrial has landed a large institutional partner to help fund its next wave of warehouse investments. The Toronto-based Canada Pension Plan Investment Board and Bridge have formed a $789M joint venture to purchase industrial properties, with CPP holding a 95% stake and privately owned Bridge chipping in the remaining 5% share of the equity.