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Jeffrey Shen ESR

ESR Selling 30% Stake in Hong Kong Cold Chain Project to Mainland Investor

2023/08/21 by Christopher Caillavet Leave a Comment

ESR has agreed to sell a 30 percent stake in its Kwai Chung Cold Storage Logistics Centre project in Hong Kong to an unnamed “strategic investor” from mainland China.

With the transaction, ESR will reduce its own stake in the… Read More>>

Daisuke Kitta Blackstone

Blackstone Looks to Refill Japan Portfolio and More Asia Real Estate Headlines

2023/08/14 by Michael Cole Leave a Comment

Japan leads today’s roundup of real estate headlines from around the region, with Blackstone talking up its recent series of disposals in Asia’s second-largest economy. Also in the news, SGX-listed Manulife US REIT will halt distributions for the first half… Read More>>

Jeffrey Shen of ESR

ESR Completes Chengdu Industrial Park as Group’s First Purpose-Built Cold Chain Facility

2023/06/20 by Christopher Caillavet Leave a Comment

ESR has finished construction of its first purpose-built cold storage facility at the ESR Chengdu Qingbaijiang Cold Chain Industrial Park in China’s Sichuan province.

Completed in early 2023, the park comprises single- and multiple-storey cold storage facilities with a total… Read More>>

Ivan Ho Kailong

Kailong Converting New Territories Warehouse Into Cold Chain Project

2023/06/12 by Christopher Caillavet Leave a Comment

Warburg Pincus-backed fund manager Kailong Group has begun its conversion of a Hong Kong industrial building into a cold chain logistics centre after acquiring the property last year from the family of late “Shop King” Tang Shing-bor.

Kailong and its… Read More>>

Yoshiyuki Chosa of GLP

GLP Breaks Ground on Two Cold Storage Warehouses Near Japan’s Kobe Port

2023/04/25 by Christopher Caillavet Leave a Comment

GLP on Tuesday announced the start of construction on two fully refrigerated cold storage warehouses in Japan with a total floor area of 55,000 square metres (592,015 square feet).

GLP Kobe Sumiyoshihama and GLP Rokko V are near the port… Read More>>

William Tay, CEO of Ascendas REIT

Ascendas REIT to Acquire Singapore Cold Chain Facility From PGIM for $136M

2022/09/14 by Christopher Caillavet Leave a Comment

Ascendas REIT has agreed to acquire a food storage and distribution centre in western Singapore from PGIM Real Estate for S$191.9 million ($136.5 million), marking the SGX-listed trust’s first investment in a cold chain facility in the city-state.

The leasehold… Read More>>

Tom Woolhouse JLL

APAC Cold Storage Investment Headed for $5B a Year Within a Decade: JLL

2022/08/23 by Christopher Caillavet Leave a Comment

The wide adoption of online grocery shopping and food delivery could see investment in Asia Pacific’s cold storage market quintuple to between $4 billion and $5 billion a year by 2032, according to JLL.

Meanwhile, demand for cold storage in… Read More>>

Brad Fu

Heitman Buys Hong Kong Industrial Asset From New World Heir for Reported $57M

2022/05/04 by Beatrice Laforga Leave a Comment

Heitman has acquired an industrial building in Hong Kong’s Fanling area from a grandson of New World founder Cheng Yu-tung for a reported HK$450 million ($57.33 million), with the US fund manager planning to transform the asset into a refrigerated… Read More>>

matthew sohn

CapitaLand-PGIM JV Buys $74M Cold Chain Facility in South Korea

2022/03/23 by Beatrice Laforga Leave a Comment

Singapore’s CapitaLand Investment (CLI) and PGIM Real Estate have launched a value-add warehouse investment vehicle in South Korea just months after setting up a core logistics strategy in the north Asian nation.

The joint venture has already acquired the Hansol… Read More>>

Hines's managing director, Drew Huffman

Hines Developing Second Cold Chain Warehouse in South Korea

2022/01/10 by Christopher Caillavet Leave a Comment

Hines continues to bet on refrigerated storage as it expands its industrial holdings in Asia Pacific, with the US developer this week announcing a new logistics centre in South Korea as its third cold chain project in the region.

The… Read More>>

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