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Redwood Group raises additional $144m, grows Chinese warehouse sector
The Redwood Group, a Singapore-based logistics fund manager and the Asia logistics partner of Equity International, has closed a further $144 million investment from PGGM into Redwood’s logistics real estate strategy in China. An official announcement was made on July 14.
Redwood has secured $280 million in commitments following the decision by PGGM to commit an additional $144 million on behalf of its PGGM Private Real Estate Fund.
Redwood, which began its partnership with Equity International in 2013, will invest in distribution and logistics real estate facilities in selected high-growth markets in China. Investments will be driven primarily by customer demand and need for modern facilities delivering the qu