SINGAPOREAN giant ARA Asset Management has joined forces with Australia-based Logos to establish a best-in-class logistics real estate development and investment management partnership in the Asia Pacific region.
As part of the transaction, the ARA Group will transfer its entire holdings in both Cache Logistics Trust and ARA Trust Management (Cache) Limited, as manager of Cache, to Logos.
Upon completion, ARA will retain control of the manager through Logos.
Established in Australia in 2010 by founders John Marsh and Trent Iliffe, with the support of Ivanhoe Cambridge and MIRA Real Estate, Logos is a vertically integrated logistics property specialist with interests in Singapore, New Zealand, Indonesia and China.
It has secured over $4 billion of equity commitments across 14 ventures with a targeted end-value of assets under management of over $9 billion.