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BPEA Real Estate commits $480m to Chinese logistics platform
Investors - MAY 4, 2020

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BPEA Real Estate commits $480m to Chinese logistics platform

by Andrea Zander

The property arm of Baring Private Equity Asia, BPEA Real Estate, has committed $480 million to Chinese logistics property platform Forest Logistics.

The BPEA Real Estate Fund II, which closed in 2018 with $1 billion in capital commitments, contributed part of the capital for the Forest Logistics investment.

“We believe that logistics in Asia, especially in China, is one of the best long-term real estate opportunities at this point in the investment cycle. Demand for high-quality modern space is increasing much faster than supply, and has accelerated since the COVID-19 outbreak as people change the way they shop,” Mark Fogle, head of real estate for BPEA Real Estate, said in the statement.

Forest Logistics has acquired eight sites in Beijing, Shanghai, Xi’an and Chengdu, representing a combined 683,000 square meters of leasable GFA, during the past 16 months.

The first site started operating in first quarter 2020, and two sites are already leased to

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