NewEase, a logistics real estate platform, and JP Morgan Asset Management, agreed to establish a new industrial joint venture for modern logistics facilities investment in China through a special purpose vehicle. “We’re excited to form this long-term industrial partnership with New Ease, a growing and professional logistics real estate group. The joint venture is well-positioned to capitalize on China’s supply shortage of high quality industrial property given current and future tenant demand levels,” David Chen, JP Morgan Chief Investment Officer.