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
