“We’ve invested in Singapore, Australia, Indonesia as well as China with LOGOS," says George Agethen, Co-Head of Asia-Pacific of Ivanhoé Cambridge. LOGOS specialises in logistics assets. In 2022 it was acquired by Hong Kong-listed ESR Group.
Ivanhoé Cambridge, a Canadian real estate company, is a unit of Caisse de dépôt et placement du Québec or CDPQ, which manages Quebec’s public and parapublic pension plans. It became a household name among REIT investors when it acquired a stake in ARA LOGOS Logistics Trust (ALOG) in 2021.
Back in November 2020, when ALOG raised funds for a transformational acquisition from its then sponsor LOGOS, Ivanhoé Cambridge held a stake in two of the funds ALOG was about to acquire. As part of the transaction, ALOG issued $70 million worth of new units to Ivanhoé Cambridge, which in turn became a major unitholder in ALOG. ESR-REIT acquired ALOG in 2022 to form ESR-LOGOS REIT or E-LOG.
