HONG KONG-The Toronto-based Canada Pension Plan Investment Board has invested $250 million into its venture with the Goodman Group, called Goodman China Logistics Holding, based here. The investment, and another $100 million in financing, will be used to grow Goodman’s total investment in China from $300 million to $3 billion, according to Sydney-based firm.

The venture was formed in 2009 to own and develop logistics assets in China. The venture, of which the pension board has an 80% stake, now has an equity commitment of $500 million and owns four total properties. The venture also signed a $100 million, five-year facility with Credit Agricole Corporate, Investment Bank and ING Bank NV.

Greg Goodman, CEO of the self-named firm, said in a statement that the additional capital will help the venture take advantage of new opportunities. “The bank facility highlights that despite the challenging global economic environment, banks continue to lend to well-managed property groups,” he said.