J.P. Morgan Asset Management establishes new logistics JV

China’s logistics real estate platform, New Ease, headquartered in Shanghai, and J.P. Morgan Asset Management have formed a new industrial joint venture to invest in logistics properties across China.

The initial portfolio for the joint venture consists of state-of-art stabilized logistics facilities of approximately $600 million, developed by New Ease and strategically located in Chinese gateway cities including Shanghai, Nanjing and Suzhou.

“That despite the interruptions brought by COVID-19 in China, tenant demand for quality logistic facilities remains robust — and perhaps has even strengthened — as consumers increasing shift to e-commerce,” said Sun Dongping, the founder and chairman of New Ease, in a statement.