LOGOS, Ivanhoé Cambridge and Bouwinvest Complete First Close of China Logistics Development Venture with US$800m of Investment Capacity

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The Venture’s investment strategy is to develop a diversified portfolio of facilities targeted at third party logistics and industrial tenants who service the growing domestic consumption and e-commerce markets. The Venture will have over US$800 million in investment capacity from this first closing with the investment program to commence when China’s market conditions stabilise following COVID‑19. false false false The China logistics sector is underpinned by strong, enduring market fundamentals including the significant growth in ecommerce, which continues to provide a safe and convenient alternative to traditional retail. false false false The establishment of this Venture follows LOGOS having almost fully committed the equity contributions in LOGOS China Logistics Venture 3, which consists of 11 properties, with a total GFA on completion of approximately 1.1 million sqm. LOGOS’ Asia Pacific portfolio comprises 88 logistics assets across eight countries with a completed value of approximately US$7.0 billion. Macquarie Fund Advisers Pty Limited (together and through its affiliates, MIRA Real Estate) acted as exclusive financial adviser to LOGOS for the transaction. false false false