{"id":1004504092,"date":"2021-01-14T03:29:41","date_gmt":"2021-01-14T11:29:41","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004504092"},"modified":"2021-01-14T06:58:10","modified_gmt":"2021-01-14T14:58:10","slug":"ivanhoe-cambridge-pag-launch-400m-logistics-venture","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\/","title":{"rendered":"Ivanho\u00e9 Cambridge, PAG Launch $400M Logistics Venture"},"content":{"rendered":"
\"\"<\/a>

Image by tianya1223 via Pixabay.com<\/em><\/p><\/div>\n

Ivanho\u00e9 Cambridge and PAG Real Estate have launched a new venture focused on logistics assets in Japan.<\/p>\n

\n

READ ALSO<\/strong>: Americold Realty Trust Closes $1.7B Acquisition<\/a><\/p>\n

\n

The venture aims at both developing and acquiring \u201cfor longer-term hold high-quality core logistics facilities especially in urban and last-mile locations,\u201d with a capacity to deploy as much as $400 million, according to the venture partners.<\/p>\n

More specifically, the venture reportedly will take advantage of strong fundamentals and third-party logistic tenants\u2019 demand for high-quality space in Greater Tokyo and Greater Osaka, and secondarily in Greater Nagoya. The venture has already identified a pipeline of possibilities for its $400 million investment program.<\/p>\n

George Agethen, Ivanho\u00e9 Cambridge senior vice president for Asia-Pacific, noted in a prepared statement that the company has already invested in Singapore, Australia, China, India and Indonesia, so Japan represents a logical way to further diversify its portfolio in Asia.<\/p>\n

The venture will be governed by an investment committee composed of Ivanho\u00e9 Cambridge, as the venture\u2019s majority shareholder, and PAG, which will operationally manage the venture.<\/p>\n

The two companies have had a strategic partnership since their first joint investment in 2017.<\/p>\n

Landlords\u2019 markets<\/h2>\n

Agethen pointed out that the target Japanese cities \u201care attractive as they are highly urbanized, have low vacancies and there is significant room to grow in their e-commerce penetration rates,\u201d and the numbers bear him out.<\/p>\n

The logistics market in Greater Tokyo is strikingly tight, with overall vacancy at 0.5 percent for large multi-tenant space, according to a third-quarter report from CBRE. Further, 80 percent of the space scheduled for completion over the next two quarters is already preleased.<\/p>\n

Greater Osaka and Greater Nagoya are almost as short of such space, at average vacancies of 0.8 percent and 0.6 percent, respectively. Only in Greater Nagoya are average effective rents stable, rather than steadily increasing, again according to CBRE.<\/p>\n

Unsurprisingly, Ivanho\u00e9 Cambridge has been active in multiple parts of the world recently. For example, in May the company acquired a major office development<\/a>\u2014still under way\u2014in Val de Fontenay, Paris. The seven-story Joya, which will total 538,200 square feet, is set for completion in 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"

The companies, which have been strategic partners for several years, are eyeing opportunities in three of Japan\u2019s largest metro areas.<\/p>\n","protected":false},"author":882,"featured_media":1004504119,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,21748,16,21742],"tags":[32789,32914,33565],"class_list":["post-1004504092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-industrial","category-international","category-latest","tag-cbre","tag-e-commerce","tag-ivanhoe-cambridge"],"acf":[],"yoast_head":"\nIvanho\u00e9 Cambridge, PAG Launch $400M Logistics Venture - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ivanho\u00e9 Cambridge, PAG Launch $400M Logistics Venture\" \/>\n<meta property=\"og:description\" content=\"The companies, which have been strategic partners for several years, are eyeing opportunities in three of Japan\u2019s largest metro areas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-14T11:29:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-01-14T14:58:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/01\/store-5619201_1920pixabay.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"Ivanho\u00e9 Cambridge, PAG Launch $400M Logistics Venture\",\"datePublished\":\"2021-01-14T11:29:41+00:00\",\"dateModified\":\"2021-01-14T14:58:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\\\/\"},\"wordCount\":366,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/01\\\/store-5619201_1920pixabay.jpg\",\"keywords\":[\"CBRE\",\"E-Commerce\",\"Ivanhoe Cambridge\"],\"articleSection\":[\"Featured\",\"Finance\",\"Industrial\",\"International\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\\\/\",\"name\":\"Ivanho\u00e9 Cambridge, PAG Launch $400M Logistics Venture - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/01\\\/store-5619201_1920pixabay.jpg\",\"datePublished\":\"2021-01-14T11:29:41+00:00\",\"dateModified\":\"2021-01-14T14:58:10+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/01\\\/store-5619201_1920pixabay.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/01\\\/store-5619201_1920pixabay.jpg\",\"width\":800,\"height\":620,\"caption\":\"Image by tianya1223 via Pixabay.com\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ivanho\u00e9 Cambridge, PAG Launch $400M Logistics Venture\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/06\\\/Scott.jpg?w=96\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/06\\\/Scott.jpg?w=96\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/06\\\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/scott-baltic\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Ivanho\u00e9 Cambridge, PAG Launch $400M Logistics Venture - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\/","og_locale":"en_US","og_type":"article","og_title":"Ivanho\u00e9 Cambridge, PAG Launch $400M Logistics Venture","og_description":"The companies, which have been strategic partners for several years, are eyeing opportunities in three of Japan\u2019s largest metro areas.","og_url":"https:\/\/www.commercialsearch.com\/news\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2021-01-14T11:29:41+00:00","article_modified_time":"2021-01-14T14:58:10+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/01\/store-5619201_1920pixabay.jpg","type":"image\/jpeg"}],"author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\/"},"author":{"name":"Scott Baltic","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"headline":"Ivanho\u00e9 Cambridge, PAG Launch $400M Logistics Venture","datePublished":"2021-01-14T11:29:41+00:00","dateModified":"2021-01-14T14:58:10+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\/"},"wordCount":366,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/01\/store-5619201_1920pixabay.jpg","keywords":["CBRE","E-Commerce","Ivanhoe Cambridge"],"articleSection":["Featured","Finance","Industrial","International","News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\/","url":"https:\/\/www.commercialsearch.com\/news\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\/","name":"Ivanho\u00e9 Cambridge, PAG Launch $400M Logistics Venture - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/01\/store-5619201_1920pixabay.jpg","datePublished":"2021-01-14T11:29:41+00:00","dateModified":"2021-01-14T14:58:10+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/01\/store-5619201_1920pixabay.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/01\/store-5619201_1920pixabay.jpg","width":800,"height":620,"caption":"Image by tianya1223 via Pixabay.com"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/ivanhoe-cambridge-pag-launch-400m-logistics-venture\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Ivanho\u00e9 Cambridge, PAG Launch $400M Logistics Venture"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/01\/store-5619201_1920pixabay.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004504092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004504092"}],"version-history":[{"count":4,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004504092\/revisions"}],"predecessor-version":[{"id":1004504269,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004504092\/revisions\/1004504269"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004504119"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004504092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004504092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004504092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}