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Fosun Hive, IDERA Capita form $100m equity JV set up to target Japan cold storage logistics
Other - JUNE 11, 2024

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Fosun Hive, IDERA Capita form $100m equity JV set up to target Japan cold storage logistics

by Released

Fosun Hive Capital Management (FHCM) Singapore together with its related company IDERA Capital Management Japan (IDERA) has set up with a capital partner a joint venture to acquire a forward-commitment cold storage logistics asset in the greater Osaka region.

The asset, which is targeted to complete in second half 2025, will be a modern, energy-efficient cold storage facility with a leasable floor area of more than 10,000 square meters (108,000 square feet). The development will incorporate sustainable features such as natural CO2 refrigerants to achieve carbon neutrality and target a CASBEE rating of A. This represents the first acquisition together for the joint venture in the nascent but fast-growing cold storage logistic sector in Japan. FHCM will act as the fund manager and IDERA as asset manager for the joint venture and will co-invest 10 percent.

The investment is the first in a pipeline of high-quality modern cold storage logistics assets in the Grea

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