Keppel Capital and BLOGIS Holdings to acquire Wuhan-based warehouse facility for S$634m.

Keppel Capital, an asset management arm of the Keppel, and BLOGIS Holdings, a Chinese real estate logistics developer, agreed to acquire Wuhan-based warehouse facility for S$634m ($472m). “China’s logistics sector has continued to see growth and capital inflows in recent years. Driven by rising domestic consumption as well as e-commerce, China’s demand for quality logistics facilities is expanding rapidly. Keppel is happy to partner BLOGIS for their expertise in the development and operation of logistics assets in China. Together with BLOGIS, the Keppel China logistics fund is seizing opportunities presented by the resilient logistics sector to deliver attractive risk-adjusted returns for our investors," Eric Goh, Keppel Capital China CEO.