Ivanhoé Cambridge expands presence in Australia and India
Ivanhoé Cambridge, the real estate arm of the Caisse de dépôt et placement du Québec, has acquired a major stake in Sydney-headquartered LOGOS Property Group.
Ivanhoé Cambridge joins Macquarie Capital and management as shareholders of LOGOS Australia and Logos China. Macquarie Capital acquired a strategic interest in LOGOS.
“Logistics real estate in the Asia Pacific region continues to have strong tailwind drivers, such as e-commerce growth, urbanization, a growing middle class and a resulting shortage of modern logistics facilities,” said Trent Iliffe, LOGOS joint managing director, in a statement.
This transaction follows Ivanhoé Cambridge’s recent investments in LOGOS-managed ventures in Australia and China. In June 2015, Ivanhoé Cambridge and CBRE Global Investment Partners committed $400 million in the LOGOS China Logistics Club.
LOGOS was established in Austral