Ivanhoé Cambridge, a Canadian real estate company, and PAG, a private equity firm, agreed to form a joint venture, with a capacity to deploy up to $400M for logistics assets in Japan. "Logistics has proven to be highly resilient during this pandemic and will remain a key focus in the coming years, especially in Asia Pacific, where we are already invested in Singapore, Australia, China, India and Indonesia. We’re delighted to launch this new investment strategy in Japan and this venture will significantly accelerate our capacity to grow and diversify our portfolio in this key Asian market," George Agethen, Ivanhoé Cambridge Senior Vice President Asia-Pacific.