Blackstone expands China logistics footprint with $1.1 bln investment

Mainland developers are expected to face an uphill battle through the rest of the year as they struggle with growing debt and a slowdown in home sales.

The Hong Kong-listed property developer joined a year-end issuance rush last week, raising $265 million from a return to the bond market.

KKR has bought an Indian logistics firm and sold Korean and Japanese terminal businesses.

Industrial continues to be Hines’ key focus in Singapore with high rent and capital value growth. Ground up development might be next as the developer eyes more opportunities alongside its Japanese partners.

The US investment giant exceeded its $10bn target after an active 24 months of deals in the region, especially in India and Japan.

Brookfield is committing $450m towards the deal, which includes industrial and logistics assets in Mumbai, Pune, Delhi NCR, Chennai and Kolkata.