The logistics assets were acquired through three conditional share purchase agreements with QR Asia Logistics Master Holdco I to acquire all the issued shares of Wuhan Logistics, ABM KS Investment and Forum Court Limited.
The manager of CapitaLand China Trust (CLCT) has proposed to acquire a portfolio of four prime logistics assets in China’s key logistics hubs of Shanghai, Kunshan, Wuhan and Chengdu on Oct 12.
The cities are also within CapitaLand’s five core city clusters of Beijing/Tianjin, Shanghai/Hangzhou/Suzhou/Ningbo, Guangzhou/Shenzhen, Chengdu/Chongqing/Xi’an and Wuhan.
