Logistics Real Estate
Logistics real estate is one of the key pillars of Forchn’s real estate expertise. Leveraging on the Group’s deep operational experience in ecommerce, specialised and port logistics, the Group is able to design and construct fit-for-purpose efficient logistics facilities as well as rapidly rent stabilising these assets. With the rapid demand for modern logistics facilities in both China and Southeast Asia, Forchn has begun to tap the capital markets to create specialised logistics real estate private equity funds with leading players such as Cinda Asset Management and YCH Group, to accelerate the development of modern logistics facilities in the region.
In 2016, Forchn Holdings Group successfully sponsored the listing of EC World Real Estate Investment Trust (REIT) on the Singapore Exchange Mainboard. EC World REIT currently has a diversified portfolio of income-producing real estate which is used primarily for e-commerce and specialised supply-chain management purposes, with an initial geographical focus on the PRC. The portfolio has an aggregate Net Leasable Area of 747,173 sq m and a total appraised value of approximately S$1.4 billion.
In 2016, EC World Real Estate Investment Trust (EC World REIT), sponsored by Forchn Holdings Group, was listed in Singapore Exchange. It is the first Chinese logistics and E-commerce real estate investment trust listed in Singapore Exchange. The fund is established with the investment strategy of investing principally, directly or indirectly, in a diversified portfolio of income-producing real estate which is used primarily for e-commerce, supply-chain management and logistics purposes, as well as real estate-related assets, with an initial geographical focus on the PRC.
As at 16 April 2018, the Portfolio comprised of seven properties in China. The 6 properties acquired at IPO are located in Hangzhou, and the seventh property, acquired on 16 April 2018, is located in Wuhan. The portfolio has an aggregate NLA of 747,173 sq m and a total appraised value of RMB 6,693 million equivalent to approximately S$1.4 billion. The Portfolio consists of the following properties: Chongxian Port Investment, Chongxian Port Logistics, Fu Zhuo Industrial, The Stage 1 Properties of Bei Gang Logistics, Fu Heng Warehouse, Hengde Logistics and Wuhan Meiluote.
For more information about EC WORLD REIT, please visit http://www.ecwreit.com/
Forchn Holdings and China Cinda (HK) is in the process of launching a 1.1 billion RMB (US$170m) Forchn-Cinda Hong Kong Logistics Fund, focused on investment and acquisition of China logistics and related assets, primarily completed but not fully utilised facilities or facilities with minor redevelopment potential. In March 2018, Forchn and Cinda signed a comprehensive memorandum of understanding to enter into a strategic cooperation in the area of logistics asset investment and acquisition. China Cinda is the first State Council approved asset management company in China, with extensive experience in asset disposal and restructuring, investment banking, asset investment, asset management and capital markets.
For more information about China Cinda Asset Management Co., Ltd., please visit http://www.cinda.com.cn
Forchn Holdings Group and Singapore logistics company YCH Group will formally launch the US$150m Forchn-YCH Belt Road Initiative (BRI) Logistics Real Estate Private Equity Fund in second half of 2018. The fund is aimed at capitalising on the development and acquisition of logistic assets in key cities across the Belt Road countries to improve the transportation infrastructure in the region. Forchn has a strong track record of real estate investment and development in China with 700,000 sqm of developed projects, while YCH brings over more than 60 years of experience in B2B and B2C logistics. Both YCH and Forchn will provide their expertise in sourcing and developing fit-for-purpose assets and will anchor the assets with their multinational and multi-disciplined client base.
For more information about YCH Group, please visit www.ych.com
