JULY 5, 2016

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Ping An Real Estate commits $300m to Japan logistics development projects

by Andrea Waitrovich

e-Shang Redwood has formed a co-investment joint venture with Ping An Real Estate for logistics development projects in Japan.

“Recent structural changes to the retail and logistics industries globally and within Asia have arguably put logistics real estate on a secular growth trend,” said Charles de Portes, president of ESR, in a statement. “Continued demand coupled with constrained supply of modern stock in Japan are predicted to lead to enduring returns for PARE and others invested in the product in the country’s largest metropolitan areas witnessing both urbanization and globalization of trade.”

Ping An Real Estate committed more than $300 million, which will allow PARE to co-invest up to 50 percent in logistics development projects from ESR’s Japan pipeline currently estimated at well more than $1 billion of construction starts within the next 12–18 months. PARE has already committed to four co-investments with ES

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