Warehouses are in the news again today as both Blackstone and Singapore’s GIC make logistics real estate investments in core Asia Pacific markets.
While two of the world’s largest investors seek safety in sheds, an eccentric Beijing business park builder is discovering London’s Royal Albert Docks were available on the cheap because they weren’t worth much and Schroders has completed its acquisition of Pamfleet.
Blackstone will purchase four logistics facilities in Japan from Daiwa House Industry, Nikkei has learned, as the U.S. private equity group seeks new investment opportunities in Japan amid growing e-commerce business triggered by the novel coronavirus outbreak.
The four facilities in the latest deal, which will cost around 55 billion yen ($523 million) in total, are located in the Kanto region, which includes Tokyo, as well as the central Chubu region. Daiwa House will continue to manage the facilities after Blackstone’s purchase, and the warehouses will retain Daiwa House’s DPL brand. Read more>>
Fund manager Dexus is selling a near $270 million portfolio of industrial assets in Sydney and Melbourne into a joint venture it has struck with deep-pocketed Singaporean