LOGOS Property Group Establishes Southeast Asia Business and Close First Singapore Transactions

Media
Wednesday 8th June 2016

Singapore – LOGOS Property Group (“LOGOS”) is pleased to announce that it has established an office in Singapore to focus on developing the business platform throughout Southeast Asia. Simultaneously, LOGOS has established its initial investment venture, the Logos Southeast Asia Venture (the “Venture”).

The Venture has been formed with an initial commitment of S$150 million from Ivanhoé Cambridge, with the strategy of owning and developing high-quality, modern industrial and logistics properties located in key Southeast Asian markets.

The Venture has secured initial investments, completing the acquisition of a stake in two highquality logistics properties in Singapore alongside Yang Kee Logistics Pte. Ltd. (“Yang Kee”), a home-grown total logistics solutions provider. The initial acquisition forms the commencement of a strategic partnership with Yang Kee to further develop high quality logistics facilities in Singapore with futuristic features and technologies.

LOGOS intends to raise additional equity commitments from investors for this Venture and will seek to continue to form partnerships with local and international end-users and operators in Singapore and select markets in Southeast Asia.

“This is an exciting next step in the growth of LOGOS in Southeast Asia,” Stephen Hawkins, Managing Director of Logos Southeast Asia said. “Together with our capital partners, LOGOS will expand our specialist logistics real estate platform throughout Southeast Asia, capitalizing on our deep pipeline of new development and investment opportunities.”

John Marsh and Trent Iliffe, Managing Directors of LOGOS Property Group said “We are looking at development projects in Singapore and further investments throughout the region. The opportunity to expand the LOGOS platform in the region will assist in delivering the real estate needs of our customers and capital partners.”

Ivanhoé Cambridge’s Executive Vice-President, Growth Markets, Rita-Rose Gagné added “Ivanhoé Cambridge is pleased to be making this first investment in Southeast Asia and continuing its association with the LOGOS Property Group. We look forward to further investments and expansion across the region in the near future.”

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