Published Mar 13, 2017
Australia and China-based Logos Property has secured new capital commitments from Canadian fund managers CPPIB and Ivanhoe Cambridge that give the logistics real estate developer a $484 million platform for developing and acquiring warehouse facilities in southeast Asia, according to a Mingtiandi interview today with the head of Logos’ southeast Asian operation.
CPPIB and Ivanhoe Cambridge are backing a pair of entities set up by Logos in Singapore and Indonesia to keep pace with growing demand from manufacturers and consumers for modern distribution facilities in the pair of top five southeast Asian economies.
CPPIB, which is partnering with Logos for the first time, is committing a total of $242 million to the two vehicles.
Comments