LOGOS closes joint venture with CBRE Global Investment Partners and Ivanhoé Cambridge

Media
Friday 5th August 2016

LOGOS China Investments Limited (“LOGOS China”, together with its subsidiaries, “LOGOS China Group”) is pleased to announce that Ivanhoé Cambridge and CBRE Global Investment Partners have committed to investing in the LOGOS China Logistics Club (“LCLC”).

The LCLC investment vehicle is managed by a member of the LOGOS China Group. The venture was formed with the strategy of owning and developing high-quality modern logistics properties located in key hubs serving large Chinese cities, particularly Shanghai. The commitments secured will allow LCLC to make investments that could total up to US$400M.

“This is an exciting next step in the growth of LOGOS in China,” outlined John Marsh, Managing Director and Co-Founder of LOGOS. “Together with our new partners, LOGOS will seek to further expand on our existing specialist logistics real estate platform in China, and capitalize on our deep pipeline of new development and investment opportunities.”

“Our investment with LOGOS China supports our plan to grow our exposure to opportunities in the logistics sector in key markets such as Shanghai and Guangzhou,” explained Rita-Rose Gagné, Executive Vice President, Growth Markets, for Ivanhoé Cambridge. “The team’s solid experience and expertise, the location of the assets and the strong development pipeline make LOGOS a partner of choice for Ivanhoé Cambridge.”

“We look forward to continuing the growth of the LOGOS venture,” said Adrian Baker, Managing Director, Asia Pacific, for CBRE Global Investment Partners. “The LOGOS venture is well positioned to acquire and develop logistics assets in our preferred sub-markets across key Chinese cities.”

Macquarie Capital (Australia) Limited or its affiliates acted as exclusive financial adviser to LOGOS China Group for the transaction and as sole lead manager and arranger for the LCLC capital raising.