Keppel Capital Holdings Pte. Ltd. (Keppel Capital), through its China logistics property fund (the fund), has partnered with BLOGIS Holdings Limited (BLOGIS), a developer and operator of logistic parks in China, to acquire the fund’s first asset, a class A high-standard warehouse in Dongxihu, Wuhan, China.
Managed by Keppel Capital China (SG) Pte. Ltd. (Keppel Capital China), the fund, together with BLOGIS, has committed to a combined asset under management of approximately RMB 3,200 million (S$634 million/$473 million).
Launched in 2021, the fund aims to invest in and develop high-quality logistics assets in key logistics hubs in China, together with its local partner BLOGIS. The Wuhan warehouse spans 70,000 square meters (753,474 square feet) and serves e-commerce, third-party logistics and cold-chain sectors.
Following the acquisition of the Wuhan warehouse, the fund and BLOGIS will jointly continue to invest in a pipeline of investment opportunities in ke
