GLP swung to an annual loss of $1.8 billion on China asset markdowns and other non-cash items, but the Asian warehouse specialist touted improved cash flows and hinted at a turnaround following the March sale of its international funds business… Read More>>
GLP J-REIT Selling Saitama, Fukushima Warehouses for $160M to Meet Divestment Target
GLP J-REIT has agreed to sell three warehouse assets to an undisclosed buyer for JPY 23.5 billion ($160 million), marking the Tokyo-listed trust’s biggest disposal to date.
The set of properties includes two sheds in Greater Tokyo’s Saitama prefecture and… Read More>>
Brookfield Expands APAC Logistics Strategy with $588M New Zealand JV
Canada’s Brookfield Asset Management on Monday said it will expand its Asia Pacific logistics bets with a NZ$1 billion ($588 million) logistics joint venture in Hamilton, New Zealand.
The world’s second-largest real estate fund manager is tying up with Tainui… Read More>>
Manulife IM Buys Sydney Logistics Park From KKR, Centennial for $35M
Australian warehouses continue to be a top target for institutional investors with Manulife Investment Management announcing on Monday that it has acquired a logistics park in suburban Sydney.
The wealth management unit of Canada’s largest insurer purchased 243 Forrester Road… Read More>>
ESR Starts $1B Final Phase of Greater Osaka Logistics Park With Domestic Capital Boost
ESR has broken ground on the $1 billion final phase of a Greater Osaka logistics park, drawing on capital raised for the industrial giant’s first domestic fund in Japan.
ESR Kawanishi DC3 will provide 433,000 square metres (4.7 million square… Read More>>
ESR Flags $730M Loss as China Project Markdowns Hit Bottom Line
ESR expects to report a net loss of $730 million for 2024, according to a warning issued Thursday by the Hong Kong-listed industrial developer and fund manager.
The predicted shortfall would reverse the $268 million net profit recorded in 2023,… Read More>>
Mapletree $473M Buy of Hong Kong Logistics Site Marks 57% Discount from 2022
Singapore’s Mapletree Investments has won a warehouse site near Hong Kong’s Kwai Chung Container Terminals at a price 57 percent below what a nearby site sold for in 2022, as declining port activity undermines logistics demand in the Asian commercial… Read More>>
Global Capital Flows into Australia Logistics as Market Hits Inflection Point Sponsored Feature
After purchases of logistics and industrial assets jumped 40 percent in 2024 from a year earlier, the first few weeks of 2025 have seen some of the world’s largest investment managers make fresh commitments to the sector, with property consultancy… Read More>>
KKR, M&G Invest in $509M Aussie Warehouse Portfolio as PGIM JV Buys Queensland Sheds
Fund managers KKR and M&G Real Estate have set up separate partnerships with Australian builder Stockland to invest in a warehouse portfolio valued at over A$800 million ($509 million), as industrial assets continue to lead transactions Down Under.
Manhattan-based KKR… Read More>>
CPPIB Exits Goodman US Warehouse JV With $1B Sale to Norway’s Norges
The Canada Pension Plan Investment Board has sold its interest in a North American warehouse partnership with Australia’s Goodman Group, dealing the 45 percent stake to Norway’s sovereign wealth fund last week for $1.07 billion.
The transaction with Norges Bank… Read More>>
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