LOGOS, a logistics firm from Australia, has announced expansion to Vietnam, bringing in a yet-to-be-disclosed partner to establish a new venture. The venture will focus on the key cities of Ho Chi Minh, Hanoi and Da Nang and aims to establish an initial forecast portfolio of approximately US$350 million by gross asset value.
This represents the fourth venture that LOGOS launched in 2020, raising over USD 1 billion throughout the region. LOGOS has already tapped into the markets of Singapore, Indonesia, and Malaysia.
LOGOS has identified an attractive pipeline of development sites for this Venture and will be progressing with strategic acquisitions over the coming months. LOGOS plans to deliver a steady pipeline of speculative and build-to-suit logistics facilities for its customers in key logistics locations, being ready for occupation over the next 12 to 18 months.
LOGOS’ Managing Director and Co-CEO, Trent Iliffe said, “Being able to establish this new Venture in the midst of the COVID-19 pandemic is testament to Vietnam’s exciting growth story, which is driven by the global trade wars, decentralisation of supply chains and a natural evolution of this market, and LOGOS’ proven track record across South East Asia.” LOGOS’ Managing Director, Stephen Hawkins, added, “Vietnam’s strong underlying market fundamentals and the significant growth in ecommerce makes it an attractive market for investors and customers alike.”
LOGOS manages every aspect of logistics real estate, including investment management, sourcing land or facilities and undertaking development and asset management, on behalf of some of the world’s leading global real estate investors. LOGOS’ Asia Pacific portfolio comprises 100 logistics estates across nine countries with Assets Under Management (AUM) of approximately USD 9.5 billion.
(Source: Nhip Cau Dau Tu; LOGOS)
