Asia Pacific’s logistics real estate sector has enjoyed record growth over the last decade, and Sydney-based Logos Property has been one of the home-grown companies that have ridden that boom to regional prominence.
Founded in 2010 by partners Trent Iliffe and John March, the warehouse builder and fund manager has now assembled a nine-country portfolio with a value upon completion of $10.34 billion, making it one of the largest players in this region.
To better understand the company’s outlook for the future, and what it expects from Asia’s logistics real estate market, Mingtiandi is hosting a conversation with Iliffe and George Agethen of Ivanhoe Cambridge, which was one of the Logo’s earliest backers and has continued to support the company’s expansion in China, Australia and other markets around the region.
The spotlight interview, which is sponsored Yardi, is the lead session in Mingtiandi’s Logistics Real Estate Forum 2021, and will be held at 10:00 AM Hong Kong time on our MTD TV online video network.
Having established new warehouse ventures in Australia, Malaysia and Indonesia this year, Logos also this month announced its first data centre investment in Jakarta, as the company expands its existing business and explores new property sectors.
After ARA Asset Management acquired a controlling stake in Logos in early 2020, the company also set up its first project in Vietnam last year – a $350 million joint venture near Hanoi.
Ivanhoe Cambridge, the real estate investment division of Montreal’s Caisse de dépôt et placement du Québec (CDPQ), began working with Logos in China in 2015, before buying a stake in the company the next year.
With nearly $48.5 billion in assets under management at the end of 2021, Ivanhoe Cambridge has continued to back Logos, including investing in recent ventures in Singapore and Indonesia.
Australia, SE Asia and More
Logos was one of the finalists for the Milestone portfolio in Australia which ESR and GIC bought from Blackstone in April for $2.9 billion, so that landmark deal will be on the agenda this week.
Also on the list for the one-hour session will be the potential for logistics investment in Southeast Asia, the growing importance of the e-commerce industry and the outlook for warehouse demand as economies open up following the current vaccination drive.
Join GLP, ESR and Allianz
The interview with Logos and Ivanhoe Cambridge will be followed on Wednesday 30 June by a spotlight session with Dongwon Kwak, vice president and head of northern Vietnam for Warburg Pincus-backed developer BW Industrial.
The logistics forum will continue on 6 July with a panel discussion on core logistics strategies in Asia Pacific, featuring BW Industrial chief executive Lance Li, JLL Asia Pacific capital markets chief executive Stuart Crow, SC Capital chairman Suchad Chiaranussati and Allianz Real Estate Asia Pacific chief executive Rushabh Desai.
A panel on development strategies on 13 July will feature BW Industrial director Michael Chan, JLL capital markets director Priyank Shah, Logos head of strategic customers Peter Garrison, and Jai Mirpuri of ESR.
The final panel on 21 July will focus on logistics and e-commerce in mainland China, with appearances by Victor Mok, chairman and chief executive of the asset management platform for GLP China, Cushman & Wakefield head of investors services for Asia Pacific Dennis Yeo, and ESR China chief operating officer Zhou Bo.
Sustainability and Data Centres
Following our exploration of logistics real estate, MTD TV will be back on 3 August with the first session in our Asia Sustainable Real Estate Forum, which will include sessions on sustainability, wellness and the competition for tenants, as well as a panel on green finance for real estate.