The competitive world of China’s warehouse developers got a bit more crowded yesterday as regional logistics real estate developer The Redwood Group appointed Oliver Treneman as its Managing Director and country head for China.
Formed in 2006 by veterans of some of the global players in logistics real estate, Redwood Group focusses on selecting and developing logistics sites in Asia. The group currently has offices in Tokyo, Seoul, Chengdu, Shanghai and Singapore.
In January 2011, Redwood announced a joint venture with Asian Growth Properties to invest “several hundred million US dollars” in China’s logistics real estate market, and it looks like the appointment of Mr Treneman, who formerly headed AMB in China (back before it became Prologis — which sounds a lot like the Chinese name for GLP, blah, blah, blah) is a major step in helping them to compete for the sites they need to get their deals done.
Oliver has over 15 years industrial and logistics real estate experience in China, and has held the positions of Chief Operations Officer at Yupei Group (Logistics Real Estate), a JV with Equity International and country head for AMB Property Corporation (now ProLogis post merger in 2011), establishing and growing their presence in the PRC. Other former key positions include General Manager at Shanghai Business Park Development Co Ltd (JV) and Chief Representative at King Sturge & Co, Shanghai.
(I am not sure, but I think that Ollie and Sam Crispin decided in 1989 to divide China’s foreign real estate world between them, with Sam taking the commercial stuff and Oliver taking those warehouses and factories).
Now that Oliver has joined the Redwood team they will need to both compete with current players such as GLP, Goodman, and B-Logis, while trying to solve the primary problem of convincing local governments to make more land available for logisitics development.
According to Redwood’s statement,
The Redwood Group, founded in August 2006 by Charles de Portes and Stuart Gibson (the first senior officers of ProLogis to arrive full time in Asia in 1998) is an investor in and manager of logistics, distribution and warehousing real estate with top global institutional and governmental investors, particularly focused on the largest and highest growth metropolitan areas of Japan and the PRC.
The senior executives of Redwood have in combination developed, acquired and managed over 3 billion USD of distribution space globally, in seven countries totaling over 4 million m2.
So stay tuned to find out how they put that several hundred million US$ to work