Astra, Hongkong Land & LOGOS Establish a Joint Venture To Manage and Develop Modern Logistics Warehouses

Wednesday 9th February 2022

JAKARTA: Today (2/8) PT Astra International Tbk (“Astra”) and Hongkong Land (“HKL”) announced a joint venture with LOGOS SE Asia Pte Ltd (“LOGOS”) in the management and development of modern logistics warehouses in Indonesia. Astra and Hongkong Land, through PT Astra Land Indonesia (“ALI”), will establish a joint venture company with LOGOS to manage modern logistics warehouses in Indonesia, with an initial focus in the Greater Jakarta (Jabodetabek) area.

President Director of Astra Djony Bunarto Tjondro said, “The establishment of this joint venture with LOGOS demonstrates our confidence in the logistics sector. We wish to expand the availability of modern warehouse facilities to support the logistics sector in Indonesia, and to contribute to Indonesia’s national economic growth.”

Indonesia’s freight and logistics market, in which modern warehouse is a part of, is estimated to increase from US$81.3 billion in 2020 to US$138.04 billion by 2026(*). The increase is being driven by the growth of e-commerce, among others, underpinned by the rapid advancement of digital technology. Indonesia’s modern warehouse sector is estimated to have an ample room to grow as Indonesia’s outsourced logistic is still can be optimized compared to its peers in Southeast Asia; supported by an increasing demand of modern warehouse facilities in the Jabodetabek area.

Stephen Hawkins, LOGOS’ Chairman of South East Asia said: “We are very pleased to be partnering with Astra and HKL to meet the growing demand for modern logistics warehouses in this market and importantly to support local economic growth.”

“The JV will leverage the synergies of both companies; ALI’s track record in the Indonesian property market and LOGOS’ strong experience in developing sustainable, integrated logistics solutions for international and local customers,” he added.

LOGOS is a dynamic and growing logistics specialist with operations across Australia, China, Singapore, Indonesia, Malaysia, Vietnam, India, New Zealand, South Korea, and Japan. LOGOS has been operating in Indonesia since 2017 and has a strong logistics portfolio in Cibitung, Cileungsi, Cikarang, and Pondok Ungu.

(*) Mordor Intelligence

Recent Media Releases
  • Media

  • 22 Wednesday 2024

LOGOS secures exciting acquisition in Erskine Park

LOGOS, part of the ESR Group, has today announced the acquisition of a 7.7ha site in Erskine Park; one of Australia’s premier Industrial & Logistics locations. Read More
  • Media

  • 24 Wednesday 2024

Ivanhoé Cambridge and LOGOS commit over INR 1,100 Cr. investment in Chakan Industrial Estate, Maharashtra becoming the largest FDI led integrated private industrial and logistics development in India

Ivanhoé Cambridge along with the leading Asia-Pacific logistics specialist LOGOS, are pleased to announce the acquisition of an additional 66 acres in Chakan, Pune taking the Chakan Industrial Estate’s total land size to 143 acres. Read More
  • Media

  • 6 Monday 2023

LOGOS announces Moorebank Intermodal Precinct development update, including new tenant leases across ~50,000sqm GLA and completion of $620m warehousing

Leading Asia-Pacific logistics specialist, LOGOS, has announced an update on its development of Moorebank Intermodal Precinct (“MIP”), Australia’s largest intermodal freight facility, two years after the LOGOS Consortium’s acquisition of the site. This update includes new tenants Maersk and Sydney Tools, the completion of warehouses to end value of $620 million due by end of year, and material installation of solar infrastructure.  Read More