Ivanho茅 Cambridge and Global Investment Partners have joined a club fund to invest in Chinese logistics.
The two investors have committed capital to Logos Property Group鈥檚 China Logistics Club.
Logos, which is active in China and Australia, will use the funds to invest up to $400m (鈧�359m) in the increasingly popular sector, focusing on existing assets and development projects in large Chinese cities including Shanghai.
鈥淥ur investment with Logos China supports our plan to grow our exposure to opportunities in the logistics sector in key markets such as Shanghai and Guangzhou,鈥� said Rita-Rose Gagn茅, executive vice president for growth markets, at Ivanho茅 Cambridge, a subsidiary of the Caisse de d茅p么t et placement du Qu茅bec.
CBRE GIP, the indirect investment arm of CBRE Global Investors, also announced a 鈧�346m investment in European logistics, buying seven assets from TH Real Estate.
Macquarie Capital, which owns a stake in Logos, led fundraising for the vehicle.
Gaw Capital Partners four deals for its Chinese logistics platform, its first sector-specific vehicle. The fund manager is investing $300m in China鈥檚 tier-one cities. The platform, structured as a co-investment, attracted $220m from existing and new investors and $80m from Gaw Capital鈥檚 Gateway Fund IV.
, PGGM boosted its investments in Chinese logistics, committing a further $144m to a 鈥渄evelop and hold鈥� strategy managed by The Redwood Group.
