Allens has advised property specialist LOGOS Group (LOGOS) on the acquisition by ARA Asset Management (ARA) of a majority stake in LOGOS Group.
The deal combines ARA’s global fund management capabilities with LOGOS’ extensive logistics, property and development expertise to create a leading investment management platform in the Asia region.
LOGOS has over 5 million square metres of property owned and under development, with a completed value of S$8.2 billion, across 17 ventures. As a result of the acquisition, it will operate as ARA’s exclusive platform for logistics assets in the Asia region.
Macquarie Infrastructure and Real Assets Real Estate also sold its entire interest in LOGOS Group, as part of the acquisition.
ARA joins LOGOS’ existing shareholders, Ivanhoé Cambridge and the LOGOS founders, and will work with them to strengthen LOGOS’ leading position in the Asia region, said lead Partner Tom Story.
‘This is a significant milestone transaction for both LOGOS and ARA. It was a pleasure to assist LOGOS to execute this complex cross-border transaction, demonstrating continued appetite for logistics assets in the Asia-Pacific region,’ said Tom.
The acquisition builds on Allens’ specialist expertise in advising on large scale, multi-jurisdictional transactions involving the co-ordination of large teams across different jurisdictions and liaising with local counsel.