Danish PFA Pension fund invests in Logos

Logos is a vertically integrated property logistics specialist with expertise spanning all aspects of the risk return spectrum that has per 30 October closed its third china logistics venture, , Logos China Logistics Venture 3, with Ivanhoé Cambridge and Denmark’s PFA Pension (PFA) as equal partners.

The Venture will focus on the development of high quality logistics facilities in four regions covering North, East, South and Mid-West China. It extends the Logos China investment mandate beyond Greater Shanghai, establishing the business as a national provider of quality industrial and logistics properties. The establishment of the Venture also strengthens the relationship between Loogs and Ivanhoé Cambridge and welcomes PFA as a new investor to the business.

The Venture will have up to US$830M in investment capacity. The significant investment and broader geographic scope reflects the logistics specialist’s and the investors’ confidence in the opportunities available in China on the back of compelling macroeconomic fundamentals, trade flow and ecommerce growth as well as the quality of the identified pipeline.

“The establishment is testament to the logistics growth story, a key beneficiary of the e-commerce boom in China, and our continued track record in development of high quality logistics assets as well as the ability to secure an attractive pipeline of opportunities for our investors.” said John Marsh, Joint Managing Director of Logos.

“Partnerships are fundamental to our business and we are pleased to have extended our relationship with Ivanhoé Cambridge as well as attracting PFA – both leading real estate investors – into our latest China venture,” he added

Trent Iliffe, Joint Managing Director of Logos said: “This venture will build on the significant experience that LOGOS has from delivering high quality institutional logistics assets across Asia Pacific and leverage the extensive demand from our existing regional and new domestic customers, to continue developing institutional grade assets across greater China.”

“The Chinese logistics sector continues to offer strong absorption and growth rates due to a long-term undersupply of modern logistics facilities. PFA has strong conviction on the growth of the logistics sector in Asia and particularly in China,” said Michael Bruhn, Head of Real Estate for PFA Pension. “We are looking forward to making this direct real estate investment in China and to partner with LOGOS and Ivanhoé Cambridge.”

Logos generates success in vertically integrated property logistics, meeting the specific objectives of both our investors and our customers and with expertise spanning all aspects of the risk return spectrum and an established network throughout the Asia Pacific region.

Four assets were acquired for a Malaysian Asian Fund in 2014. The establishment of its Singapore operations in 2016 has been an important step in its strategic growth.

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