Announced
Financials
Sources
Tags
logistics properties
Single Bidder
Acquisition
Real Estate
China
Cross Border
Pending
Friendly
Private
Industrial Distribution
Majority
Synopsis
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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