Ivanhoé Cambridge and PAG launch $400m Japan logistics JV
Ivanhoé Cambridge and PAG have launched a new Japan Logistics Venture, with a capacity to deploy up to $400 million for logistics assets in Japan. The new platform will develop and acquire for longer-term hold high-quality core logistics facilities, especially in urban and last-mile locations.
George Agethen, senior vice president Asia Pacific at Ivanhoé Cambridge, said, “Logistics has proven to be highly resilient during this pandemic and will remain a key focus in the coming years, especially in Asia Pacific, where we are already invested in Singapore, Australia, China, India and Indonesia. We’re delighted to launch this new investment strategy in Japan, and this venture will significantly accelerate our capacity to grow and diversify our portfolio in this key Asian market.”
“This partnership continues the roll-out of our global conviction for logistics, and in that global context, these chosen target cities in Japan are attractive as they are highly urb