Keppel’s China logistics property fund partners BLOGIS to acquire its first asset, located in Wuhan
Keppel’s China logistics property fund partners BLOGIS to acquire its first asset, located in Wuhan

Keppel’s China logistics property fund partners BLOGIS to acquire its first asset, located in Wuhan

The Wuhan warehouse spans 70,000 sqm and serves e-commerce, third-party logistics and cold-chain sectors.
RE+D magazine
05.01.2023

Keppel Capital Holdings Pte. Ltd. (Keppel Capital), through its China logistics property fund (the Fund), has partnered BLOGIS Holdings Limited (BLOGIS), a leading developer and operator of logistic parks in China, to acquire the Fund’s first asset, a grade-A high-standard warehouse, located in Dongxihu, Wuhan, China.

Managed by Keppel Capital China (SG) Pte. Ltd. (Keppel Capital China), the Fund, together with BLOGIS, has committed to a combined asset under management of approximately RMB 3,200 million (approximately S$634 million). 

Launched in 2021, the Fund aims to invest in and develop high-quality logistics assets in key logistics hubs in China, together with its local partner BLOGIS. 

The Wuhan warehouse spans 70,000 sqm and serves e-commerce, third-party logistics and cold-chain sectors. 

Following the acquisition of the Wuhan warehouse, the Fund and BLOGIS will jointly continue to invest in a pipeline of investment opportunities in key logistics markets, such as Yangtze River Delta, Beijing-Tianjin-Hebei region and other logistics hubs.