LOGOS Property Group (“LOGOS”) is pleased to announce that Ivanhoé Cambridge and CBRE Global Investment Partners have committed to investing in the LOGOS China Logistics Venture (“LCLV”), the second logistics real estate vehicle created by LOGOS for these partners in China.
LCLV has been formed with the strategy of owning and developing high-quality modern logistics properties located in Shanghai and neighbouring cities. These markets continue to experience strong economic growth and have a shortage of investment-grade logistics assets. The commitments secured will allow LCLV to make investments of approximately US$400 million.
“This is an exciting next step in the growth of LOGOS’ business in China,” commented John Marsh, Managing Director and Co-Founder of LOGOS. “We are delighted to extend our relationship with Ivanhoé Cambridge and CBRE Global Investment Partners, who continue to support our ventures throughout Asia Pacific.
“Ivanhoé Cambridge’s investment with LOGOS supports our plan to increase exposure to Shanghai and its surrounding key logistics hubs,” explained Rita-Rose Gagné, Executive Vice President, Growth Markets, for Ivanhoé Cambridge. “LOGOS has identified an attractive portfolio of existing assets and development opportunities which make LOGOS a partner of choice for Ivanhoé Cambridge.”
“We are excited to continue to partner with LOGOS” said Adrian Baker, Managing Director, Asia Pacific for CBRE Global Investment Partners. “LOGOS has established an attractive pipeline of logistics assets to acquire and develop in and around Shanghai which builds on the vehicle established last year.”
Macquarie Capital acted as exclusive financial adviser to LOGOS for the transaction and as sole lead manager and arranger for the LCLV capital raising.
About LOGOS Property Group
LOGOS Property Group is an integrated investment and development logistics real estate specialist with operations in Australia, China and Singapore. Established in 2010, LOGOS currently has approximately AUD$2.0 billion in assets under management, including end values for projects under development.
Macquarie Corporate Holdings and Ivanhoé Cambridge have an equity investment in the LOGOS.