Christie Ou
The firm believes a coronavirus-driven increase in online shopping will help to accelerate e-commerce penetration in the country over the next few years.
The sovereign wealth fund finalized a $150m commitment to the sector after entering into discussions at the end of last year.
The firm expects its industry peers to be stretched from a liquidity perspective, and plans to take advantage of the market dislocation.
The firm plans to introduce its first real estate debt offering after rebranding its property business this month.
The $828bn sovereign wealth fund had already been in the market before the outbreak of covid-19, which has only added further strain to the challenged sector.
The Sydney-headquartered logistics specialist sought a new shareholder more than a year ago, but never originally intended to sell a majority stake. Then ARA showed up.
The ‘thoroughfare of China’ is now known internationally as the birthplace of an epidemic that has now infected more than 120,000 worldwide.
Korean investors’ increase in outbound investing, growing appetite among Asian investors for alternative real estate and Paris replacing London were the notable trends from the broker’s annual research.
The Chinese real estate developer is understood to be in talks with three potential institutional investors ahead of a final close.
The BCIMC-owned firm will refrain from investing in retail assets directly, opting to gain access to consumer activity through logistics investments instead.