LOGOS acquires land for a US$130 Million development in Bekasi

Media
Wednesday 29th March 2017

The development will consist of a 3-level ramp-up logistics facility with ancillary office space with a total expected NLA of up to 155,000 square metres.  LOGOS intends to commence development immediately following acquisition, subject to obtaining all relevant planning and construction approvals. The first phase of construction is expected to be completed as early as end of 2018.  LOGOS is currently in discussions with a number of multinational companies to lease the facility.

The development will consist of a 3-level ramp-up logistics facility with ancillary office space with a total expected NLA of up to 155,000 square metres.  LOGOS intends to commence development immediately following acquisition, subject to obtaining all relevant planning and construction approvals. The first phase of construction is expected to be completed as early as end of 2018.  LOGOS is currently in discussions with a number of multinational companies to lease the facility.

“We are excited to be developing one of the largest modern distribution centres in the country, Stephen Hawkins, Managing Director of LOGOS South East Asia said. “We are seeing strong and growing tenant demand in the Greater Jakarta market. Indonesia’s young population, growing middle-class, and rising consumption make it a very attractive market for the logistics industry.”

“It is a rare opportunity to acquire a site this close to Jakarta and develop a modern high capacity distribution centre that offers multiple users access to the Greater Jakarta urban areas.  The site is very well-situated for e-commerce, retail logistics and FMCG logistics operations.”

LOGOS recently established a venture for Indonesia to focus on developing and owning high quality, modern logistics properties in Greater Jakarta, Indonesia. The commitments provide LOGOS with over US$400 million in investment capacity. LOGOS has identified a strong pipeline of development opportunities to meet the increasing demand for modern logistics facilities on the back of Indonesia?s compelling macroeconomic fundamentals, rapid e-commerce growth and growing logistics sector.