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Announced

NWS Holdings to acquire six premium logistics properties from Goodman for $350m.

Financials

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Transaction Value£285m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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logistics properties

Single Bidder

Acquisition

Real Estate

China

Cross Border

Pending

Friendly

Private

Industrial Distribution

Majority

Synopsis

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NWS Holdings, an investment holding company, agreed to acquire six premium logistics properties in Chengdu and Wuhan from Goodman, a property developer, for $350m. “The croup is proactively integrating into the national development. The development of the logistics industry is underpinned by supportive government policies. It is also benefiting from the thriving e-commerce and the fast-developing multimodal transportation, further bolstering its market demand. The Group is therefore confident about the outlook of the industry in the Mainland and Hong Kong, and we are committed to expanding our business in this field," Eric Ma, NWS CEO.

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