Keppel’s China logistics property fund partners BLOGIS to acquire its first asset in Wuhan, China

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