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Ming Mei

GLP C-REIT Raises $260M to Buy Three Mainland Sheds as Deleveraging Questions Loom

Ming Mei

2023/06/08 by Christopher Caillavet Leave a Comment

GLP on Tuesday announced the completion of a RMB 1.85 billion ($260 million) follow-on equity offering by its China REIT to acquire three logistics facilities, as the industrial specialist continues to flex its fundraising muscle despite analyst concerns about its… Read More>>

GLP on Tuesday announced the completion of a RMB 1.85 billion ($260 million) follow-on equity offering by its China REIT … Read more>>>

Steve Hyung Kim, Head of Korea, LaSalle Investment Management

LaSalle Buys Two Icheon Sheds for Korea Logistics JV, Makes Seoul Office Loan

Steve Hyung Kim, Head of Korea, LaSalle Investment Management

2023/06/07 by Christopher Caillavet Leave a Comment

LaSalle Investment Management on Wednesday announced the acquisition of two warehouses in Icheon on behalf of a Korean logistics joint venture between the firm and an unnamed Middle Eastern sovereign wealth fund.

The warehouses are run by LaSalle’s Logiport logistics… Read More>>

LaSalle Investment Management on Wednesday announced the acquisition of two warehouses in Icheon on behalf of a Korean … Read more>>>

Stephen Schwarzman Blackstone

Blackstone Buying Out India Shed Portfolio to Expand South Asia Logistics Holdings

Stephen Schwarzman Blackstone

2023/06/07 by Christopher Caillavet Leave a Comment

Blackstone has agreed to buy out the remaining warehouse business of Mumbai-based Allcargo Logistics by taking full ownership of a set of companies said to hold 5.5 million square feet (511,000 square metres) of properties.

The US fund management giant… Read More>>

Blackstone has agreed to buy out the remaining warehouse business of Mumbai-based Allcargo Logistics by taking full … Read more>>>

Stuart Gibson, ESR Group Co-founder and Co-CEO

ESR Partners With Mitsubishi, INA to Invest in Trio of Indonesia Logistics Parks

Stuart Gibson, ESR Group Co-founder and Co-CEO

2023/05/29 by Christopher Caillavet Leave a Comment

Hong Kong-listed ESR has joined forces with Mitsubishi Corporation and the sovereign wealth fund of Indonesia to invest in three logistics parks in that country, marking the industrial specialist’s first strategic venture in Southeast Asia’s biggest economy.

The three ESR-developed… Read More>>

Hong Kong-listed ESR has joined forces with Mitsubishi Corporation and the sovereign wealth fund of Indonesia to invest … Read more>>>

Joe Tsai - Alibaba

Alibaba Confirms IPO Plan for Cainiao Logistics Arm as Restructuring Moves Ahead

Joe Tsai - Alibaba

2023/05/22 by Christopher Caillavet Leave a Comment

Alibaba has confirmed plans to pursue an initial public offering for its Cainiao logistics unit as the Chinese e-commerce group pushes forward with a restructuring plan announced in March.

Alibaba, which owns 67 percent of the equity in Cainiao Smart… Read More>>

Alibaba has confirmed plans to pursue an initial public offering for its Cainiao logistics unit as the Chinese … Read more>>>

Yoshiyuki Miura GLP Japan

GLP Japan REIT Buying Four Warehouses for $420M, Financed by Sale of New Units

Yoshiyuki Miura GLP Japan

2023/05/18 by Christopher Caillavet Leave a Comment

Tokyo-listed GLP J-REIT plans to acquire three warehouses across Japan and a partial stake in a fourth shed for a total consideration of JPY 58.2 billion ($420 million), with the bulk of the amount to be financed by the issuance… Read More>>

Tokyo-listed GLP J-REIT plans to acquire three warehouses across Japan and a partial stake in a fourth shed for a total … Read more>>>

Sanghwoi Bae, CEO of ESR Kendall Square REIT

ESR Kendall Square REIT Buys Icheon Logistics Park for $96M, Welcomes Korea’s Team Fresh

Sanghwoi Bae, CEO of ESR Kendall Square REIT

2023/05/13 by Christopher Caillavet Leave a Comment

ESR Kendall Square REIT has acquired an Icheon logistics park for KRW 127 billion ($96 million), bringing the number of assets in the Korea-listed trust to 18.

The newly purchased asset, due to be completed this month, adds 46,041 square… Read More>>

ESR Kendall Square REIT has acquired an Icheon logistics park for KRW 127 billion ($96 million), bringing the number of … Read more>>>

UIH_Josh and Ross_business portrait

Unified Industrial Growing AUM to $2.8B With Three Ventures in Japan, China

UIH_Josh and Ross_business portrait

2023/05/11 by Christopher Caillavet Leave a Comment

Unified Industrial, the Tokyo-based developer backed by Australia’s Macquarie Asset Management, has expanded its investment activities through three new ventures that will increase the company’s assets under management to $2.8 billion on an end-value basis.

Since forming a strategic partnership… Read More>>

Unified Industrial, the Tokyo-based developer backed by Australia’s Macquarie Asset Management, has expanded its … Read more>>>

Jai Mirpuri, Head, Singapore Development & Thailand, ESR Group

ESR Enters Thailand With $235M Investment in Two Industrial Park Projects

Jai Mirpuri, Head, Singapore Development & Thailand, ESR Group

2023/05/10 by Christopher Caillavet Leave a Comment

ESR on Wednesday announced its expansion into Thailand with the development of two industrial and logistics parks representing a capital investment of THB 8 billion ($235 million).

The Hong Kong-listed group’s first project, expected to be completed by the end… Read More>>

ESR on Wednesday announced its expansion into Thailand with the development of two industrial and logistics parks … Read more>>>

Phil Pearce of ESR

ESR and Toll Group to Invest $285M in Sydney Distribution Centre

Phil Pearce of ESR

2023/05/08 by Christopher Caillavet Leave a Comment

ESR and Australian logistics provider Toll Group have signed a deal to invest A$420 million ($284.6 million) to develop a new distribution centre at the industrial giant’s Westlink Industry Park in Sydney that will be Toll’s largest in the country… Read More>>

ESR and Australian logistics provider Toll Group have signed a deal to invest A$420 million ($284.6 million) to develop … Read more>>>

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