JD Property and Partners Plan $1 Billion Singapore REIT Launch

JD Property, the infrastructure investment arm of Chinese e-commerce giant JD.com, is collaborating with Partners Group and EZA Hill Property to establish a Singapore-based real estate investment trust (REIT) valued at over $1 billion.

This initiative marks a significant expansion of JD Property's presence in Southeast Asia's logistics sector.

The consortium recently acquired four logistics assets from CapitaLand Ascendas REIT for S$306 million ($238.56 million).

These properties are expected to form the core of the new REIT's portfolio.

The REIT is slated for establishment by October, with a potential listing on the Singapore Exchange as early as next year.

This move underscores the growing confidence in Singapore's REIT market and highlights the increasing role of Chinese capital in Southeast Asia.

JD Property has been actively expanding its global footprint, operating over 50 projects across nine countries, including Japan, Indonesia, and the United Arab Emirates.

The partnership with Partners Group and EZA Hill Property aims to scale the REIT across Southeast Asia, targeting further acquisitions of industrial and logistics assets.

EZA Hill Property, backed by Hillhouse's real assets investment arm, Rava Partners, has been actively acquiring logistics and industrial assets across Southeast Asia.

The collaboration with JD Property aligns with their strategy to capture emerging growth in the region's industrial and logistics markets.

The establishment of this REIT comes amid a tentative revival in Singapore's REIT market, which had seen a lull ... .

The recent initial public offering of N ... , Singapore's largest listing since ... to record highs since late July ... .

JD Property is also pursuing a separate market listing for ... pending regulatory approval since March 2023.

This dual approach reflects JD Property's ambition to strengthen its position in the global logistics real estate sector.

The collaboration between JD Property, Partners Group, and EZA Hill Property signifies a strategic move to capitalize on the growing demand for logistics infrastructure in Southeast Asia.

By leveraging their combined expertise and resources, the consortium aims to create a robust platform for industrial and logistics investments in the region.

As the REIT's establishment progresses, stakeholders will be keenly observing its impact on the regional real estate landscape and the broader implications for cross-border investments in Southeast Asia.

This development underscores the dynamic nature of the region's real estate market and the strategic importance of logistics infrastructure in supporting economic growth.