Lo-Goi Group founder and managing director Trent Iliffe
Lo-Goi Group, the industrial specialist set up by Logos co-founder Trent Iliffe, has formed a joint venture with French development and construction firm Groupe IDEC to launch a €400 million ($464 million) private fund targeting industrial projects in France, along with a dedicated data centre vehicle.
The industrial venture is structured around the four pillars of supporting industrial and logistics sovereignty, advancing the energy transition, promoting sustainable growth and creating jobs, the companies said in a release. The first fund will invest up to €400 million in equity, representing a total investment of up to €1.2 billion. The partners also said they plan to create a second fund dedicated exclusively to data centres, without providing additional details.
The 50:50 shed JV seeks to speed delivery of logistics and industrial infrastructure in France, taking advantage of supply constraints in prime locations and Groupe IDEC’s extensive pipeline of shovel-ready sites, Iliffe said in a LinkedIn post.
“We’ve long held the ambition to establish a presence in Europe — not only to be closer to our investment partners, but also to better serve the many occupier customers we’ve grown alongside across Asia Pacific,” said the Lo-Goi CEO. “In Groupe IDEC, we’ve found a partner that shares our entrepreneurial spirit, long-term vision, and deep technical expertise as well as a commitment to support our customers locally, cross border and during international expansion.”
Renewables Focus
Singapore’s Lo-Goi and Paris-based Groupe IDEC aim to build a portfolio of projects incorporating renewable infrastructure solutions — including renewable power generation and storage, nature-based carbon offset solutions and electric mobility — and targeting net-zero carbon objectives through sustainable construction methods and the redevelopment of brownfield sites.
Group IDEC founder and CEO Patrice Lafargue
The Lo-Goi/IDEC JV will initially focus on the French market before expanding elsewhere in Europe in the medium term, the partners said.
Groupe IDEC has previously backed various firms in developing industrial facilities, including Aventech in the south of France, the Verkor Innovation Centre in Grenoble and the Verkor Gigafactory in Dunkirk, as well as land lease agreements for GravitHy and Elyse in Fos-sur-Mer.
“This agreement marks a decisive step for the Groupe IDEC,” said founder and CEO Patrice Lafargue. “It will allow us to accelerate our contribution to the development of strategic infrastructure in France, combining our local presence and operational expertise with the Lo-Goi Group’s international experience.”
Geographic Expansion
Iliffe launched the Lo-Goi business in 2024 with assets previously developed or acquired by Logos in Vietnam and India, following his exit from Logos parent group ESR. The reconstituted platform has 1 million square metres (10.7 million square feet) of properties owned and under development and total assets under management of more than $1 billion.
Lo-Goi’s assets include three industrial parks in Vietnam and five India properties, three of which were sold on to private equity titan Blackstone last December for $203 million with Lo-Goi continuing in a management capacity.
In July, Lo-Goi hooked up with Vietnamese conglomerate Xuan Cau Holdings on development of an intermodal freight facility and industrial logistics estate at Lach Huyen Port in Haiphong.
Lo-Goi and a unit of Xuan Cau signed a deal on the first phase of a 200 hectare (494 acre) project at the deep-sea port in Vietnam’s third-largest city. The development will span at least 70 hectares inside the 2,000 hectare Lach Huyen Logistics, Industrial & Free Trade Zone adjacent to the port.
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