Manulife Investment Management (on behalf of Manulife Asia), LOGOS and the LOGOS Vietnam Logistics Venture have acquired an 11-hectare (27-acre), build-to-suit logistics asset in Greater Ho Chi Minh City (HCMC), Vietnam. This is LOGOS’ first partnership with Manulife, with this new venture being an important investment to support the growing demand for modern, high-quality logistics facilities in Vietnam.
Located in the Dau Giay Industrial Park in Dong Nai Province, the property comprises three high-tech warehouse facilities, two of which were completed in 2021, with the third to be completed in late 2022. Upon the completion, the property will total 116,000 square meters (1.2 million square feet) of modern logistics space and be valued at more than $80 million. The property is 100 percent committed to a global occupier on an initial five-year lease term.
“We are very pleased to be partnering with a leading capital partner, Manulife, and our existing LOGOS Vietnam
