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Cainiao Network Technology recently partnered with China Life (www.chinalife.com.cn) to set up a logistics warehousing fund with a scale of RMB 8.5 billion. The venture is Cainiao's first logistics warehousing fund as well as the first RMB-denominated fund in China's logistics market.
JLL's Logistics team worked alongside
JLL's Corporate Appraisal and Advisory team to provide reliable market analysis and asset assessment services for Cainiao and China Life in co-launching China's first RMB logistics property fund.
Cainiao Network Technology Co., Ltd. was jointly founded on May 28, 2013 by Alibaba and Intime together with Fosun, Forchn, STO Express, YTO Express, ZTO Express, and Yunda Express. The company is dedicated to promoting upgrade of the logistics industry, building commercial infrastructure, and providing consumers and merchants with platform-based, data-enhanced intelligent services.
With its in-depth understanding of China's logistics real estate market and abundant knowledge of leasing and investing for logistics assets, JLL's East China Logistics Team was appointed by Cainiao to conduct a targeted market analysis for their China-wide logistics warehouse portfolio. The logistics team's services included research on regional market history, future supply forecast, key demand drivers, as well as rental analysis and forecasting. The team also conducted a forward-looking investigation of the e-commerce logistics parks established by Cainiao.
JLL's Asia Pacific Corporate Appraisal and Advisory team also participated in this project and offered professional asset valuation advice. The team performed stock and asset valuations for the target companies across the country, providing a strong value reference for the establishment of the fund.
Richard Huang, JLL's Head for East China Logistics Team said that while there may be differences in financing and operating models, the focus remains on logistics real estate and its ability to achieve stable, low-risk rental yields. Cainiao's model is unique, and the
logistics warehousing fund's creation represents a continuation of the company's strategy as an integrated logistics platform. It also has introduced more partners in the financial and capital markets and permitted the cooperative development of "smart logistics."
Tony Yang, JLL's Local Director of Corporate Appraisal and Advisory China, his team leveraged its extensive valuation experience and data in the warehouse and storage sector to win high marks from all parties involved.
JLL's Logistics and Corporate Appraisal and Advisory teams will continue to draw on their precise understanding of local markets, international vision, and innovative thinking to support Cainiao and push forward construction of its smart logistics network.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $145 billion. At the end of the second quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of nearly 80,000. As of June 30, 2017, LaSalle Investment Management had $57.6 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
JLL has over 50 years of experience in Asia Pacific, with 36,800 employees operating in 95 offices in 16 countries across the region. The firm won the ‘World’s Best’ and ‘Best in Asia Pacific’ International Property Consultancy at the International Property Awards in 2016 and was named number one real estate investment advisory firm in Asia Pacific for the sixth consecutive year by Real Capital Analytics. www.jll.com/asiapacific
In Greater China, the firm was named ‘Best Property Consultancy in China’ at the International Property Awards Asia Pacific 2016, and has more than 2,200 professionals and 14,000 on-site staff providing quality real estate advice and services in over 80 cities across the country. www.joneslanglasalle.com.cn
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