LOGOS Property Group welcomes strategic investment by Ivanhoe Cambridge
Tuesday 9th August 2016
Acquires a strategic interest in LOGOS Intends to invest in future LOGOS -managed ventures across Asia-Pacific
Sydney (Australia) and Shanghai (China) – LOGOS Property Group (LOGOS) announced today that Ivanhoé Cambridge has acquired a strategic interest in LOGOS. This transaction follows Ivanhoé Cambridge?s recent investments in LOGOS-managed ventures in Australia and China.
Rita-Rose Gagné, Executive Vice President, Growth Markets, Ivanhoé Cambridge, said: “We intend to make further investments in future LOGOS-managed ventures across the Asia- Pacific region alongside trusted institutional partners. We will continue to support the growth of the platform as a leading Asia-Pacific logistics real estate company.”
John Marsh, LOGOS Joint Managing Director, noted: “Ivanhoé Cambridge?s strategic investment in LOGOS creates a great opportunity for the business to deepen its presence in the Asia-Pacific region, alongside our existing capital partners.”
Trent Iliffe, LOGOS Joint Managing Director, added: “Logistics real estate in the Asia-Pacific region continues to have strong tailwind drivers, such as e-commerce growth, urbanisation, a growing middle class and a resulting shortage of modern logistics facilities. With the backing of Ivanhoé Cambridge and Macquarie Capital alongside management, LOGOS is in a great position to deliver excellent real estate outcomes for end users and our capital partners.”
LOGOS was established in Australia in 2010 and expanded into China in 2012, specialising in logistics real estate development and investment management. The group has recently established a presence in Singapore and expects to leverage the platform into other markets in Asia over time. Macquarie Capital acquired a strategic interest in LOGOS in 2014 and has since been assisting the group with its expansion. As a result of the announced transaction, Ivanhoé Cambridge joins Macquarie Capital and management as shareholders of LOGOS.
Brett Robson, Macquarie Capital’s Global Head of Real Estate Private Capital Markets, said: “Ivanhoé Cambridge is one of the leading real estate investors globally. We are pleased that the quality and expertise of the LOGOS team and their access to top quality opportunities throughout Asia-Pacific has attracted such a high calibre strategic partner. Ivanhoé Cambridge’s endorsement of the LOGOS platform is an important milestone for the company.”
To date, LOGOS has raised over AUD$1.3 billion of equity commitments from some of the world?s leading institutional investors, with a focus on developing, acquiring and managing high quality logistics facilities leased to premier logistics businesses in Australia and China. LOGOS currently has approximately 17 million square feet (1.6 million square metres) of assets under management or development.
Macquarie Capital (Australia) Limited and its affiliates acted as exclusive financial adviser to LOGOS.
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