A new core logistics private fund in Japan has successfully raised ¥16.5bn (€106m) in institutional capital, signaling a promising expansion in the logistics sector. The fund, which attracted several institutional partners in Japan, has been fully utilized to acquire two strategically located logistics assets in Greater Tokyo and Osaka. These acquisitions, made in collaboration with a joint venture partner, highlight the growing interest in logistics properties within the region.
The logistics fund, managed by a prominent asset manager, holds a minority stake in the newly acquired assets and will oversee their management. This move underscores the commitment to bolstering logistics capabilities and optimizing asset performance in key markets.
Simultaneously, significant acquisitions have been made in Southeast Asia, further diversifying the investment portfolio. Assets in Thailand and Singapore, valued at S$700m (€484.1m), have been acquired for various funds managed by the group. Notably, these acquisitions include industrial properties in Singapore earmarked for a self-storage platform and a prime greenfield site in Bangkok.
The Thai project marks a significant milestone as the first logistics property venture in Thailand for the asset manager, signaling a strategic expansion into new territories. Moreover, the acquisition of properties for conversion into self-storage facilities underscores the growing demand for storage solutions in the region.
Patricia Goh, CEO of Southeast Asia Investment at the asset management firm, highlighted the strategic deployment of capital in Southeast Asia amidst challenging market conditions. Emphasizing the focus on sectors exhibiting robust growth, including logistics, self-storage, and wellness-hospitality, Goh reiterated the commitment to long-term investment strategies aligned with evolving market trends.
Looking ahead, these acquisitions are poised to drive further growth and transformation within the logistics and self-storage sectors. The asset manager remains vigilant in identifying promising investment opportunities across Southeast Asia, positioning itself for sustained momentum and expansion in the dynamic logistics landscape.
