trending Market Intelligence /marketintelligence/en/news-insights/trending/OUAJbW9EL6bsc4rEnAPfTA2 content esgSubNav
In This List

Report: CBRE Global, Logos secure US$800M for Chinese logistics partnership

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Report: CBRE Global, Logos secure US$800M for Chinese logistics partnership

U.S.-based CBRE Global Investors and Australia's Logos Property Pty. Ltd. have partnered and raised US$800 million for a yuan-denominated vehicle that will invest in Chinese logistics, PERE News reported Sept. 16, citing three sources close to the situation.

The two companies raised the funds via commitments from four Chinese insurance companies and two offshore institutional investors in July, and a final close for the platform is expected within the next two months, the sources said. The companies' first close in March raised between A$500 million and A$600 million.

Under the partnership, CBRE Global Investors assumed the role of fund manager, while Logos Property is acting as asset manager, the news outlet reported.

The partnership will target opportunities to develop logistics properties, as well as invest in existing projects in China's first- and second-tier cities. So far, it already invested approximately 70% of the capital it has raised, one of the sources said.

CBRE Global Investors and Logos Property both declined to comment on the partnership, PERE News reported.