JLL Assists Goodman China Complete Largest Ever Class-A Logistics Assets Package Deal in China
In late 2017, JLL assisted Goodman China with an equity transfer deal on a logistics assets package with Everbright in China.
“Thanks to successful roadshow promotions and strong partnerships with various domestic and foreign investors, the number of investors bidding for this project set a new record. We appreciate JLL’s rich experience in China’s logistic property investment market, and are extremely satisfied with the transaction,”
TIn late 2017, JLL assisted Goodman China with an equity transfer deal on a logistics assets package with Everbright in China. The package was made up of seven assets across six cities (Kunshan, Jiaxing, Xi’an, Qingdao, Wuxi and Shenyang), with a total leasable area of over 320,000 square meters. This was the second time that JLL and Goodman worked together on a deal of this nature and was also the largest deal of its kind in China.
While many foreign investors maintain a strong interest in logistics properties, domestic institutional investors are increasingly entering the market. These investors are seeking high-quality core assets, which was one of the reasons the bidding on this deal attracted a record number of investors.
Domestic investors have sufficient capital, but compared with foreign investment institutions, the percentage of logistics assets in their current property portfolios is still relatively low. JLL was able to identify this opportunity and remains committed to helping Chinese domestic clients acquire the logistics assets which will improve their portfolios.
This service for this project was awarded the 2018 RICS China (Royal Institute of Chartered Surveyors) Best Deal of the Year Award.