China’s e-Shand Redwood sells logistics assets to Invesco
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e-Shang Redwood (ESR), a pan-Asia logistics real estate developer, owner and operator, has formed a joint venture with Invesco Real Estate to acquire and manage core logistics assets in China, marking the first collaboration of its kind for both parties in the region.
The portfolio consists of class A stabilized logistics real estate assets in China, valued in excess of RMB 2 billion (US$300 million). Invesco acquired a majority stake in the portfolio from ESR. ESR will retain an equity interest and act as the project and property manager of the assets to drive future value for Invesco in partnership with Invesco’s asset management team.
Questions & Answers
Q.What kind of assets did Invesco acquire from ESR?
What kind of assets did Invesco acquire from ESR?
Invesco acquired a portfolio of class A stabilized logistics real estate assets. These properties are located in China and were valued at over RMB 2 billion (US$300 million).
Q.What role will ESR play after selling a majority stake in the assets?
What role will ESR play after selling a majority stake in the assets?
ESR will retain an equity interest in the portfolio. They will also act as the project and property manager for the assets, working with Invesco's asset management team to create future value.
Q.What is the total value of the logistics assets involved in this transaction?
What is the total value of the logistics assets involved in this transaction?
The total value of the logistics real estate assets acquired by Invesco from ESR is in excess of RMB 2 billion. This figure is equivalent to US$300 million.
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