At Tien Sa port in Da Nang (Photo: VNA) Hanoi (VNS/VNA) - Australian logistics real estate group LOGOS has announced the establishment ofits first Vietnam venture with a global institutional investor for thedevelopment of modern, high-quality logistics facilities across the key marketsof Ho Chi Minh City, Hanoi and Da Nang.
The LOGOS Vietnam Logistics Venture aims to establish an initial forecast portfolioof approximately 350 million USD in gross asset value. The new venture is the fourth by LOGOSthis year, with the group raising over 1 billion USD throughout the region despite thecurrent market disruptions. Through this venture, LOGOS and its investmentpartner aims to establish a modern, quality portfolio of logistics facilitiesto support local and international customers’ growth across Vietnam.
LOGOS’ Managing Director and Co-CEO, Trent Iliffe, said: “Our move into Vietnamis an important step in our regional growth strategy driven by customers’ needsand we are pleased to be partnering with a leading global institutionalinvestor as part of this move.
“Being able to establish this new venture in the midst of the COVID-19 pandemicis testament to Vietnam’s exciting growth story, which is driven by the globaltrade wars, decentralisation of supply chains and a natural evolution of thismarket, and LOGOS’ proven track record across Southeast Asia,” he said.
LOGOS’ Managing Director, Stephen Hawkins, added: “After establishing our Southeast Asia business in 2016,we have undertaken a targeted growth programme across the region from Singapore,to Indonesia, Malaysia and now Vietnam as we look to support our customers’growth strategies across this fast developing region.
“Vietnam’s strong underlying market fundamentals and the significant growth ine-commerce makes it an attractive market for investors and customers alike,” hesaid.
LOGOS entered the Vietnam market earlier this year with the appointment ofGlenn Hughes, a real estate and infrastructure specialist who has worked inboth private and government sector organisations across Southeast Asia, Australia and the MiddleEast, as Head of Vietnam to lead the group’s in-country strategy.
“The long-term potential of the Vietnam logistics market is supported by strongtailwinds, as companies seek to diversify their supply chains across multiplecountries and further invest in technology within their facilities to meet thegrowing demand of e-commerce,” Glenn added.
LOGOS has identified an attractive pipeline of development sites for thisventure and will be progressing with strategic acquisitions over the comingmonths. It is planned that LOGOS would be able to deliver a steady pipeline ofspeculative and build-to-suit logistics facilities for its customers in keylogistics locations, being ready for occupation over the next 12 to 18 months.
LOGOS’ Asia Pacific portfolio comprises 100 logistics estates across nine countrieswith AUM of approximately 9.5 billion USD. LOGOS counts some of the world’s largest fund managers asits shareholders, including ARA Asset Management, a leading Asia Pacific realassets fund manager with a global reach, which took a majority stake in thecompany in March 2020. MIRA Real Estate acted as exclusive financial adviser toLOGOS for the venture./.
The LOGOS Vietnam Logistics Venture aims to establish an initial forecast portfolioof approximately 350 million USD in gross asset value. The new venture is the fourth by LOGOSthis year, with the group raising over 1 billion USD throughout the region despite thecurrent market disruptions. Through this venture, LOGOS and its investmentpartner aims to establish a modern, quality portfolio of logistics facilitiesto support local and international customers’ growth across Vietnam.
LOGOS’ Managing Director and Co-CEO, Trent Iliffe, said: “Our move into Vietnamis an important step in our regional growth strategy driven by customers’ needsand we are pleased to be partnering with a leading global institutionalinvestor as part of this move.
“Being able to establish this new venture in the midst of the COVID-19 pandemicis testament to Vietnam’s exciting growth story, which is driven by the globaltrade wars, decentralisation of supply chains and a natural evolution of thismarket, and LOGOS’ proven track record across Southeast Asia,” he said.
LOGOS’ Managing Director, Stephen Hawkins, added: “After establishing our Southeast Asia business in 2016,we have undertaken a targeted growth programme across the region from Singapore,to Indonesia, Malaysia and now Vietnam as we look to support our customers’growth strategies across this fast developing region.
“Vietnam’s strong underlying market fundamentals and the significant growth ine-commerce makes it an attractive market for investors and customers alike,” hesaid.
LOGOS entered the Vietnam market earlier this year with the appointment ofGlenn Hughes, a real estate and infrastructure specialist who has worked inboth private and government sector organisations across Southeast Asia, Australia and the MiddleEast, as Head of Vietnam to lead the group’s in-country strategy.
“The long-term potential of the Vietnam logistics market is supported by strongtailwinds, as companies seek to diversify their supply chains across multiplecountries and further invest in technology within their facilities to meet thegrowing demand of e-commerce,” Glenn added.
LOGOS has identified an attractive pipeline of development sites for thisventure and will be progressing with strategic acquisitions over the comingmonths. It is planned that LOGOS would be able to deliver a steady pipeline ofspeculative and build-to-suit logistics facilities for its customers in keylogistics locations, being ready for occupation over the next 12 to 18 months.
LOGOS’ Asia Pacific portfolio comprises 100 logistics estates across nine countrieswith AUM of approximately 9.5 billion USD. LOGOS counts some of the world’s largest fund managers asits shareholders, including ARA Asset Management, a leading Asia Pacific realassets fund manager with a global reach, which took a majority stake in thecompany in March 2020. MIRA Real Estate acted as exclusive financial adviser toLOGOS for the venture./.
VNA
