In a shift with major implications for Shanghai’s manufacturing sector and for the prospects of logistics developers, the government of China’s commercial capital is readying sweeping changes in industrial land use rights, that include cutting back land use terms to… Read More>>
LaSalle Sells Chengdu Logistics Project to Ping An
An investment fund belonging to LaSalle Investment Management has agreed to sell its 100 percent share in a 90,000 square metre warehouse project in Chengdu, Sichuan province, to Ping An Real Estate as demand for logistics assets in China continues… Read More>>
Temasek and RRJ Capital Bet $250M on China Warehouse Builder Yupei
China’s booming logistics real estate sector received another vote of confidence last week when an investment firm linked to Temasek Holdings and Hong Kong-based private equity firm RRJ Capital invested $250 million into warehouse developer Yupei.
Yupei, which last year… Read More>>
Australia’s Goodman Group to Build 22k Sqm Warehouse in Chongqing
Australian industrial developer Goodman Group announced this week that it has signed an agreement to develop a 22,000sqm built-to-suit facility for Best Logistics Technology (Hangzhou) Co. Ltd in Chongqing, China.
The new project will be located in the new Goodman… Read More>>
Vanke Teaming with Blackstone to Explore China Warehouse Market
Vanke, the country’s largest property developer by revenue, is holding discussions with private equity giant Blackstone Group about a real estate fund to pursue opportunities in China’s logistics real estate sector, a senior company official revealed over the weekend.
The… Read More>>
GLP Signs 39,000 Sqm in Leases, Including New Vanke Deal
Warehouse developer Global Logistic Properties Limited (GLP) has signed three new lease agreements totaling 39,000 square meters (420,000 square feet) in Xi’an, and Suzhou.
The leases, with three different companies, in two separate cities, include an agreement to provide warehouse… Read More>>
Jack Ma’s Cainiao Leases 54,000 Sqm from Goodman in Suzhou
Australian real estate developer Goodman Group announced today that it has signed an agreement to lease 54,880 sqm of logistics space in Suzhou to Cainiao, the logistics firm that supports Jack Ma’s Taobao e-commerce platform.
The deal between Goodman and… Read More>>
Logistics Developer GLP Picks Up $2.51B Investment from Chinese Group
A Chinese investment consortium is wagering $2.51 billion that there is money to be made from China’s need for warehouses, and that Singapore’s Global Logistics Properties (GLP) is well-situated to realise these profits.
The share purchase by the Chinese group… Read More>>
Logistics Fund Redwood Leases Guangzhou Facility to Auto Maker Daimler
Logistics real estate fund The Redwood Group (Redwood) announced last week that it has entered into a 10-year lease agreement with auto-maker Daimler for a custom built distribution 36,000 square meter facility in Guangzhou, China.
The build-to-suit arrangement is the… Read More>>
Goldman Sachs Makes US$120 Mil Pre-IPO Loan to China Logistics Developer
China’s least exciting real estate sector is quickly becoming the centre of investor attention, as Goldman Sachs has agreed to provide a US$120 million pre-IPO loan to start-up warehouse developer e-Shang.
The logistics developer and operator, which is based in… Read More>>