LOGOS Increases Investment in Yang Kee Singapore Logistics Portfolio

Media
Wednesday 3rd July 2019

Singapore, 3 July 2019 – LOGOS has increased its stake in Yang Kee Holdings Pte Ltd (“YKH”), a Yang Kee Logistics Pte Ltd (“Yang Kee”) subsidiary, to 35%. YKH’s portfolio comprises three logistics properties in the western region of Singapore.

Yang Kee will use the funds to strengthen its logistics operating capabilities for both local and overseas growth, following a series of acquisitions in the past two years globally, and to invest in and develop more quality logistics assets in Singapore with LOGOS.

LOGOS’ Managing Director of South East Asia, Stephen Hawkins, said, “Yang Kee Holdings was LOGOS’ first investment in Singapore and we are very pleased to be increasing our stake in this quality portfolio. We look forward to continuing to manage these properties with Yang Kee”.

LOGOS and Yang Kee’s most recent development is the 66,000sqm 2 Tuas South Link (“TSL”) logistics property which was completed in late 2018. The modern TSL building is the first warehouse to achieve the Building and Construction Authority of Singapore’s Green Mark Platinum certification. Located in the established industrial submarket of Tuas, the property is set to benefit from future Government approved infrastructure improvements including the Tuas Mega Port.

“LOGOS increased investment affirms their vote of confidence in our jointly owned portfolio and Yang Kee’s logistics capabilities”, said Mr Ken Koh, Group CEO, Yang Kee Logistics.