This article is from the Australian Property Journal archive
LOGOS has launched into Vietnam’s industrial property sector, an emerging growth market driven by the Washington and Beijing trade war and companies decentralising their supply chains following the COVID-19 outbreak in China.
The LOGOS Vietnam Logistics Venture aims to establish an initial forecast portfolio of approximately US$350 million by gross asset value and will invest the key markets of Greater Ho Chi Minh, Greater Hanoi and Greater Danang.
This is the fourth venture closed by LOGOS this year raising over US$1 billion throughout the region despite the current market disruptions.
LOGOS’ managing director and co-CEO Trent Iliffe said the move into Vietnam is an important step in its regional growth strategy driven by customers’ needs.
“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,” he said.
Managing director Stephen Hawkins said: “After establishing our South East Asia business in 2016, we have undertaken a targeted growth program across the region from Singapore, to Indonesia, Malaysia and now Vietnam as we look to support our customers’ growth strategies across this fast developing region,”
Hawkins added that Vietnam’s strong underlying market fundamentals and the significant growth in ecommerce makes it an attractive market for investors and customers alike.
Head of Vietnam Glenn Hughes said the long-term potential of the Vietnam logistics market is supported by strong tailwinds, as companies seek to diversify their supply chains across multiple countries and further invest in technology within their facilities to meet the growing demand of ecommerce.
LOGOS’ Asia Pacific portfolio comprises 100 logistics estates across nine countries with AUM of approximately US$9.5 billion.
