[ad_1]
A partnership between Logos and Manulife Funding Administration has purchased its first asset in Vietnam for a improvement which could have an finish worth of U$80m (€70m).
The Logos Vietnam Logistics Enterprise bought the 11-hectare, build-to-suit logistics asset in Better Ho Chi Minh Metropolis.
Situated within the Dau Giay Industrial Park in Dong Nai Province, the property includes three warehouse services, two of which have been accomplished in 2021 with the third to be accomplished in late 2022. Already, the power is 100% dedicated to a worldwide occupier.
Logos’ head of Vietnam, Glenn Hughes, stated Vietnam provided many alternatives as worldwide firms continued to diversify their provide chains throughout a number of international locations, investing of their services to make sure provide chain resilience whereas assembly the rising shopper calls for of ecommerce.
This acquisition with Manulife represents the fourth latest acquisition for the Logos Vietnam Logistics Enterprise, which was established in August 2020 with a worldwide institutional investor for the event of services throughout the important thing markets of Better Ho Chi Minh, Better Hanoi and Better Danang.
To learn the most recent version of the most recent IPE Actual Property journal click on right here.
[ad_2]
Source link
