Extending its antipodean buying spree, Logos Property has agreed to acquire a 10-hectare site in Auckland to develop a 55,000-square-metre logistics facility. The deal, the first in the country for the regional warehouse developer, comes after a rush of transactions… Read More>>
Logos Buys Melbourne Logistics Site for Reported A$28M
APAC warehouse platform Logos Property announced late last week that it had purchased a 27.5 hectare industrial site in the western suburbs of Melbourne, with market sources cited in local media indicating that the Sydney-and-Shanghai-based developer had paid A$28 million ($20.9… Read More>>
Ascendas-Singbridge Reveals $300M India JV with Temasek, Said Close to UK Deal
Singapore’s Ascendas-Singbridge Group today announced a new S$400 million ($300 million) investment programme with government giant Temasek Holdings to develop a portfolio of as much as 15 million square feet (1.39 million square metres) of industrial real estate projects in… Read More>>
LaSalle Sells Korean Warehouse to Deutsche Bank’s DWS for $57M
Deutsche Bank’s asset management arm has bought a recently completed logistics warehouse in Icheon City, south of Seoul for 61.2 billion won ($57.4 million), as global real estate investors pile into Korea’s modernising logistics sector.
DWS (formerly Deutsche Asset Management)… Read More>>
Tencent, Sequoia and China Life Lead $2.5B Financing Round for JD Logistics
It’s been less than 10 months since JD.com launched its own logistics business, but the warehousing and shipping subsidiary of China’s second-largest ecommerce player has already raised $2.5 billion from some of the mainland’s biggest investment firms, according to an… Read More>>
GLP Forms $1.6B China Value-Add Warehouse Fund with China Life
Asia’s largest warehouse developer is teaming up with state-owned insurer China Life to form a new RMB 10 billion ($1.6 billion) value-add fund targetting logistics opportunities in China.
The vehicle marks the first China value-add fund for Singapore-based Global Logistic… Read More>>
Goodman Sells Mainland Logistics Portfolio to China Everbright PE Division
Australian industrial developer Goodman Group has sold a portfolio of seven Chinese logistics assets to the real estate private equity arm of China Everbright Limited. While no financial terms were disclosed, the deal for around nine percent of Goodman’s total… Read More>>
LaSalle Opens 10th China Warehouse in Beijing
LaSalle Investment Management has opened its tenth logistics project in China, a 56,000 square metre warehouse and distribution facility in Beijing. The new launch brings LaSalle’s portfolio of completed logistics warehouse space in the country to 720,000 square metres, as… Read More>>
Country Garden Scraps Plan for Shanghai IPO and More Asia Real Estate Headlines
China’s wave of homecoming listings appears to have officially ended as development colossus Country Garden shelves plan for a Shanghai IPO. Also in the news today, mainland investors are helping Xi Jinping line the belt and road with warehouses, and… Read More>>
Logos Announces $800M India Expansion With Ivanhoe Cambridge and Quadreal
Canada’s Ivanhoé Cambridge and QuadReal Property Group are backing Logos Property’s India expansion through a joint venture that expects to invest $800 million in logistics facilities across the country, as global investors look to capitalise on India’s fast-rising industrial real… Read More>>