Ivanhoé Cambridge, the real estate arm of the Caisse de dépôt et placement du Québec, has acquired a major stake in Sydney-based LOGOS Property Group.

Ivanhoé Cambridge joins Macquarie Capital and management as a shareholder of LOGOS Australia and LOGOS China. Macquarie Capital acquired a strategic interest in LOGOS in 2014 and has been assisting the group with its expansion since then.

“We intend to make further investments in future LOGOS-managed ventures across the Asia Pacific region alongside trusted institutional partners,” said Rita-Rose Gagné, executive vice president, growth markets, Ivanhoé Cambridge, in a statement.

“Logistics real estate in the Asia Pacific region continues to have strong tailwind drivers, such as e-commerce growth, urbanisation, a growing middle class and a resulting shortage of modern logistics facilities,” commented Trent Iliffe, LOGOS joint managing director, in a statement.

This transaction follows Ivanhoé