The Redwood Group

The Redwood Group (Redwood) is a specialized logistics real estate investment firm with in-depth knowledge and experience that includes in-house development, leasing and asset management utilizing local teams in China, Japan and Singapore.

Company Overview

With a primary focus on the identification and professional execution of logistics, warehousing and transportation real estate solutions for customers in selected metropolitan areas within its target geographies, Redwood aims to provide high quality distribution space for some of the largest end users and logistics service providers operating both within Asia and around the world.

Redwood has an established track record in each facet of industrial real estate development, including:

  • Market selection
  • Identification of transaction opportunities in selected markets
  • Structuring, financing and packaging investments
  • Management of developments and investments
  • Tenant selection and asset management
  • Sales execution

Redwood's founders, Charles de Portes and Stuart Gibson, pioneered international institutional investment into this asset class in Asia in 1998 with the development of the first build-to-suit distribution hub for DHL, and the creation of the first private equity fund dedicated to Asian logistics real estate in 2002.

Utilizing its local experience and market knowledge, our dedicated team of real estate professionals seek to identify high quality opportunities in prime, strategic locations for our clients which include some of the best known retailers, manufacturers and third-party logistics companies nationally and internationally, operating in China and Japan.

Focus & Target Markets
map of target markets in asiamap of target markets in asia

Redwood’s target markets are under-supplied in the type of Class A product demanded by multinational and regional tenants, which results in pent-up demand for such logistics space. This demand, coupled with the compelling growth characteristics in a region driven by the expansion of third-party logistics and e-commerce sectors, provide ongoing opportunities in the warehouse and distribution property sector.

Redwood’s investments are driven primarily by customer demand for modern logistics facilities with quality specifications and the high through-put efficiencies required by today’s leading logistics operators, retailers, light manufacturers and automotive companies.

The rapid growth in e-commerce, greater supply chain efficiencies and consolidation by third party logistics providers are a major driver of our growing development activity. Our objective is to seek strategic sites to develop the right solutions for our customers across China and Japan.

Our multi-tenant developments in these markets are close to airports, seaports and highway networks to meet customers' needs for import and export logistics and domestic market distribution.

Management

The Redwood Group was established in 2006 by a group of senior real estate professionals in Asia, with considerable experience in:

  • Acquisitions
  • Asset Management
  • Development and Redevelopment
  • Leasing
  • Due Diligence
  • Financing
  • Funds Management
  • Market Research
  • Structuring

With several decades of accumulated expertise, Redwood's team has executed some of the highest quality distribution and logistics real estate developments and investments in the markets with greatest demand within China and Japan for numerous multinational clients.

Founders
 
Senior
Executives
Advisory
Board
Charles de Portes
Charles de Portes
Co-Founder
President
Investment Committee Member

Charles de Portes

Co-Founder
President
Investment Committee Member


Charles de Portes
  • 19 years real estate experience, of which 17 years in logistics & 16 years in Asia
  • Former Member of AMB Property Corporation (now ProLogis) Japan Advisory Committee
  • Former Co-founder and co-CEO of AMB BlackPine
  • Former Head of Acquisitions Japan and Asia Capital Officer for ProLogis
  • Former Head of Acquisitions and Capital for ProLogis Europe; previously Head of South Europe: Spain, France & Italy
  • Previously with Goldman Sachs (Whitehall), New York, London and Paris
  • Raised over US$3bn in equity and debt capital in Europe and Asia
  • Supervised the purchase or development of several billion US$ in value and over 1,000 commercial real estate assets across Europe and Asia, including single asset developments, master-planned parks, single asset and portfolio acquisitions of office, warehousing, retail, residential and NPL throughout career
  • MBA, INSEAD
  • Languages: English, French and Spanish
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Stuart Gibson
Stuart Gibson
Co-Founder
Chief Executive Officer
Country Head – Japan
Investment Committee Member

Stuart Gibson

Co-Founder
Chief Executive Officer
Country Head – Japan
Investment Committee Member


Stuart Gibson
  • 24 years development & investment experience in Asia (of which 14 years in Japan, PR resident status)
  • Former Chairman of AMB Property Corporation (now ProLogis) Japan Advisory Committee
  • Former Co-founder and co-CEO of AMB BlackPine, Japan
  • Former President ProLogis Japan
  • Former ProLogis Country Manager, Japan, Belgium and Italy
  • Supervised commercial developments and investments of over US$2.5 bn in value across Asian geographies cited below
  • Hotels, offices and free trade zone developments, Sri Lanka and India
  • Build-Own-Operate infrastructure projects, Thailand
  • Cable Beach Resort, Broome, Australia
  • CBD Office Developments, Melbourne, Australia
  • City West Developments, Sydney, Australia
  • Luxury residential developments, West London, UK
  • Languages: English and Japanese
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Hideaki Matsunami
Managing Director – Japan
Investment Committee Member, Japan

Hideaki Matsunami

Managing Director – Japan
Investment Committee Member, Japan


Hideaki Matsunami
  • 40 years of real estate experience in Japan
  • Held several key positions for Shimizu, one of Japan's top three development companies, for almost 30 years
  • Served Senior Japanese and Head of Business Development in AMB & ProLogis between 1999-2011
  • One of the founding members of the ProLogis business in Japan and was instrumental in successfully securing approximately $300 million of development projects from 2000 through 2003
  • Since 2003, was the senior Japanese representative of AMB in Japan with responsibilities including business development, leasing and build-to-suit transactions totaling over 1.1 million m²
  • Licensed Japanese Broker and licensed first class architect
  • Graduated from the University of Tokyo, School of Engineering with both undergraduate and graduate degrees and also studied at University of Manitoba in Canada
  • Languages: English and Japanese
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Dr. Michael de Jong-Douglas
Managing Director & Country Head, China
Investment Committee Member

Dr. Michael de Jong-Douglas

Managing Director & Director of Market Research
Investment Committee Member


Michael de Jong-Douglas
  • 16 years' experience in industrial property. Developed, acquired or managed assets in more than 20 countries in Asia and Europe
  • Former Director Real Estate for Oxley, a large pan-Asia opportunity fund
  • Former Deputy Chief Executive Officer of Mapletree Logistics Trust (a multi-billion S$ Singapore REIT)
  • Former Managing Director of ProLogis. During his 11 year tenure, held various positions such as Regional Head of multiple countries, Head of Property Management Europe and Head of Due Diligence Continental Europe. He also worked in the Prologis China and India offices
  • Former researcher and lecturer in The Netherlands and Hungary
  • PhD in Urban Planning & Applied Geography from Utrecht University, The Netherlands
  • Executive Development Program at the Kellogg School of Management, Northwestern University
  • Member of the Royal Institute of Chartered Surveyors (MRICS)
  • Languages: English and Dutch
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Matthew Zann
Managing Director & Head of Market Research, Japan

Matthew Zann

Managing Director & Head of Market Research, Japan


Matthew Zann
  • 15 years' experience in commercial and industrial property. Developed, acquired and managed assets in Australia and Japan since 1997.
  • Former Founder and Principal of Bear Logi Co.Ltd, one of the leading Logistics Real Estate Consultancy firms in Japan.
  • Former Vice President Acquisitions and Development at Macquarie Goodman Japan and instrumental in Goodman’s original expansion into Japan and Northeast Asia from 2007.
  • Author of multiple Logistics Real Estate Research Publications
  • Bachelor of Town Planning from the University of New England Australia
  • Council Member of Urban Land Institute (ULI) Japan
  • Founding member of Japan Supply Chain Organization
  • Languages: English and Japanese
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Pierre-Alexandre Humblot

Capital Officer


Pierre-Alexandre Humblot
  • Over 16 years of experience in real estate and financial markets gained at JP Morgan, ProLogis, Ixis AEW Europe and DTZ
  • Managed two logistics funds and the deployment of circa US$500million of equity of same and the sourcing and execution of 1.2million m² of logistics space across multiple countries
  • Languages: French, English, Italian, Spanish
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Jai Mirpuri
Managing Director, Investments
Investment Committee Member

Jai Mirpuri

Managing Director, Investments
Investment Committee Member


Jai Mirpuri
  • Over 10 years of real estate experience across Asia and North America including 6 years at Redwood
  • Previously with Deutsche Bank Singapore, Real Estate IBD and Capital One Bank, Washington DC, Portfolio management and Product Management
  • B.Tech & M.Tech degrees in Aerospace Engineering from IIT Bombay
  • MBA, INSEAD
  • Languages: Hindi, English, Japanese and conversational Mandarin
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Nobuyuki Kurabayashi
Chief Operations Officer – Japan
Investment Committee Member, Japan

Nobuyuki Kurabayashi

Chief Operations Officer – Japan
Investment Committee Member, Japan


Nobuyuki Kurabayshi
  • Over 20 years securities and investment management experience
  • Former Chief Portfolio Manager on foreign assets at a major life insurance
  • Former Managing Director of Corporate Strategies and Enterprise Risk Management / Compliance at a major financial firm
  • MBA, New York University Stern School of Business
  • Languages: English and Japanese
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Joseph Lim
Chief Fund Financial Officer

Joseph Lim

Chief Fund Financial Officer


Joseph Lim
  • 12 years of audit and commercial finance management experience with 5 years of audit experience with PwC and KPMG and 5 years of commercial experience in private equity real estate funds
  • Former assurance manager with PwC and senior assurance associate with KPMG involved in the audit of banks, real estate funds and private equity transactions
  • Former Vice President of Fund Finance with ING Real Estate Investment Management (Currently known as CBRE Global Investors)
  • Graduated with second upper honours degree in accountancy from Nanyang Technological University
  • CPA Member with Institute of Certified Public Accountants of Singapore
  • Languages: English and Mandarin Chinese
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Bernard Loh
Fund Manager, Japan
Investment Committee Member, Japan

Bernard Loh

Fund Manager, Japan
Investment Committee Member


Bernard Loh
  • Over 25 years of experience in real estate development and fund management across Singapore and Asia Pacific
  • Former Director, Fund Management at Pramerica, with a principal role in setting up and managing two of their most successful funds in Asia, and the rollup of these into one of Asia’s largest open-end fund with a total gross asset value of S$3bn
  • Over 7 years of experience in the Japan market as the Senior Portfolio Manager of the Asia Retail Mall Fund which focused on retail mall investments in Japan
  • Prior to his 17 years tenure at Pramerica, he was with major listed developers, DBS Land and CDL in real estate investments
  • MBA, University of Western Ontario, Canada
  • Bachelor of Science (Estate Management) Honours, National University of Singapore
  • Languages: English and Mandarin
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Aileen Teo
Fund Manager, China

Aileen Teo

Fund Manager, China


Aileen Teo
  • Over 10 years of experience in fund and portfolio management including 7 years at Prologis
  • Most recently Director, Portfolio Management, involved in managing Prologis China Logistics Venture 2, a development joint venture with over $1 billion in committed equity 
  • At Prologis, she was also involved in managing Prologis Japan Fund 1 (previously known as AMB Japan Fund I) a stabilized property fund with thirteen institutional investors 
  • Former Trust Analyst with Ascendas Funds Management, providing support to Ascendas REIT.  Responsibilities included preparing forecasts, evaluating and analysing investment opportunities for the REIT
  • Former auditor at KPMG and Ernst & Young prior to doing fund management.  Industries covered included REITs and other real estate focused companies
  • Bachelor of Accountancy from Nanyang Technological University
  • CFA charterholder
  • Languages: English and Mandarin
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Ku Shin, Ph.D.
Ku Shin, Ph.D.
CEO/President, Redwood Korea, Ltd.
Member, Advisory Board

Dr. Ku Shin

CEO/President, Redwood Korea, Ltd.
Member, Advisory Board


Dr. Ku Shin

Dr. Shin is Member of the Redwood Group Advisory Committee with special focus on Korea, international economics and capital markets.

With 20 years of investment management experience, Dr. Shin is currently the CEO and President of the Redwood Group, Ltd., Korea. Prior to this, he was President and Chief Investment Officer of Asia Pacific for a major international hedge fund.

Previously, he was President of Mesirow Financial’s International Operations and a member of the executive committee, overseeing the firm’s business in investment management, investment banking, insurance, real estate, and private equity, including the firm’s investment activities. He managed the firm’s international business strategy, portfolio and risk management, and global business developments.

Prior to joining Mesirow Financial, Dr. Shin was with Banc One (JP Morgan Chase) Investment Advisors as a Managing Director and Global Portfolio Manager, where he directly managed US$2 billion in One Group’s® International funds, and helped manage US$200 billion in One Group funds. He also served as Director of the Banc One Capital Markets Group, Bank One (1996-2001), where he worked for the Asian financial markets, asset allocation, investment strategy, foreign exchange, and country risk management.

Before joining Bank One, Dr. Shin was a Director of the Asia service for the WEFA (Wharton School Economic Forecasting Associates, Wharton Business School, University of Pennsylvania) (1994-1996). He was also an Economist at RAND Corporation (1988-1992), a Senior Economist for the New York Comptroller (1992-1994), and a Senior Fellow for the Council on Economic Priorities (1991-1993). Dr. Shin was a Visiting Scholar at the Japanese Ministry of Finance (1990) as well as an Economist for the Office of Management and Budget in New York (1986-1988).

Dr. Shin has been quoted often in The Wall Street Journal, The New York Times and other financial publications, and has appeared on Reuters and the Bloomberg TV programs as well as on Japanese and other network television programs. He is the author of a number of professional papers on international economics and finance and Asian markets.

Dr. Shin received his undergraduate degree from the University of Colorado, Boulder. He earned an MS in Economic Analysis from the University of Rochester, an LLB from the Yeungnam University Law School, and a PhD in Economic Policy Analysis from the RAND Graduate School of Policy Studies. He holds General Securities NYSE/NASD Licenses (Series 7, Series 65), and is a certified national security analyst. Dr. Shin serves on the advisory board of the Council of Economic Priorities and is a board member of the Asian Economist Association.

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Alejandro Portes, Ph.D.
Alejandro Portes, Ph.D.
Member, Advisory Board

Alejandro Portes, Ph.D.

Member, Advisory Board


Dr. Alejandro Portes

Dr. Portes is a Member of the Redwood Group Advisory Committee with special focus on sociology, demographics, urbanization and European culture.

Born in Havana, Cuba, and immigrating to the United States in 1960, Dr. Portes is a long-standing prominent international sociologist, currently at Princeton University, where he has served as the Chairman of the Department of Sociology and as the Director of the Centre for Migration and Development (CMD). He is also a fellow of the American Academy of Arts and Sciences, and is a member of the National Academy of Science.

Dr. Portes was formerly a professor at The Johns Hopkins University for over 15 years, where he held the John Dewey Chair in Arts and Sciences. Prior to this he was with Duke University, the University of Texas-Austin, and was a guest professor in residence of Stanford University. In 1997, he was elected president of the American Sociological Association and served in that capacity from 1998-99. Dr. Portes is the author of some 220 published articles and chapters on national development, international migration, urbanization, and economic sociology.

Dr. Portes gave the keynote addresses to the Conference on Latin American Immigration to Europe in Genoa, Italy, and to the IV National Spanish Congress on International Migrations in Gerona, Spain. He served on the editorial boards of International Migration Review, The American Prospect, Ethnic and Racial Studies, and numerous other periodicals. He was a member of the Committee on International Migration of the Social Science Research Council, a member of the Overseers Committee at the Harvard School of Education, and an Advisory Board member of the Centre on Migration, Policy, and Society, Oxford University.

Dr. Portes has guest lectured at other universities worldwide, including the Autonomous University of Barcelona (Spain), the University of Coimbra (Portugal), IDES in Buenos Aires (Argentina), the University of Genoa (Italy), the Sorbonne (France), Oxford University (U.K.), Harvard University (US) and others.

Dr. Portes was also a board member of the Spencer Foundation in Chicago and is the founder, a member of the Board of Trustees and a former elected President of the Cuban Committee for Democracy, a not-for-profit organization which serves to educate and lobby for open trade and communication with Cuba and a peaceful transition to democracy for people of the island nation.

Education:
  • M. A. and Ph. D. from the University of Wisconsin-Madison.
  • Undergraduate: University of Havana, Catholic University of Argentina, and Creighton University(Summa Cum Laude).
  • Dr. Portes also holds honorary doctorates from the University of Wisconsin, New School University, and the University of Genoa in Italy.
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Philip H. M. Swire
Philip H. M. Swire
Member, Advisory Board

Philip H. M. Swire

Member, Advisory Board


Philip H. M. Swire

Philip Swire is an independent private equity fundraising professional and entrepreneur with more than 23 years’ experience placing alternative investment funds and building companies. He has been involved in raising more than 70 different funds, including venture capital, real estate, life sciences, health care, buyout, mezzanine and fund of funds, as well as several private placings for individual; companies. His network encompasses leading Sovereign Wealth Funds, pension funds, endowments, insurance companies, fund of funds and family offices across Europe, Asia, the Middle East and the United States.

Prior to becoming independent, Mr. Swire held senior positions at Campbell Lutyens & Co,Bankers Trust Deutsche Bank, Donaldson Lufkin & Jenrette,, where he was part of the three man London Office and Hambros Bank; placing company sponsored funds with investors in the United Kingdom, Europe, the Middle East and Asia. Prior to that, Mr Swire was an executive at Johnson Fry. Mr. Swire is registered with the UK Financial Conduct Authority (FCA).

Mr. Swire is also a co-founder and shareholder of Subsea Infrastructure Ltd., a privately owned owner/operator of large-scale mobile and modular desalination facilities He also has other business interests including a video based internet company, Winkball.

From 1983-1990, Mr. Swire was an officer in the British Army, retiring with the rank of Captain. Mr. Swire was educated at The Royal Military Academy, Sandhurst, and at Stowe School, Buckinghamshire.

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Oliver Treneman
Member, Advisory Board

Oliver Treneman

Member, Advisory Board


Oliver Treneman

Oliver Treneman is Member of the Redwood Group Advisory Committee with special focus on China after having served as Managing Director and Country Head of Redwood Investment Consulting, Shanghai Co. Ltd. since 2011. He is currently at DP World London Gateway’s Logistics Park as their Development Director.

With over 20 years industrial and logistics real estate experience in the PRC, Oliver holds a strong track record and over the last decade, has acquired and developed land in over a dozen Chinese cities including Beijing, Guangzhou and Shanghai. He has overseen build-to-suit developments in China for logistics customers such as DHL and Daimler. Prior to Redwood he held the positions of Chief Operations Officer at Yupei Group (Logistics Real Estate), a JV with Equity International and country head for AMB Property Corporation (now ProLogis post-merger in 2011), establishing and growing their presence in the PRC. Other former key positions include General Manager at Shanghai Business Park Development Co Ltd (JV) and Chief Representative at King Sturge & Co, Shanghai.

Oliver, a British national, holds a master's degree in Land Management from the University of Reading. Having spent two years studying mandarin at the Beijing Language & Culture University and Fudan University and a decade and a half of residence in Shanghai, he is also fluent in Mandarin Chinese.

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Corporate Responsibility

The Redwood Group places a high priority on operating with best business practice standards, with a well-governed platform based on transparency and with great consideration to our social, environmental and corporate responsibilities to our customers and communities.

environment icon  SUSTAINABILITY

Optimizing the sustainability potential in new developments through green design initiatives, positions a property well to minimize its environmental impacts and provide long-term benefits to our customers and the local community.

All developments undertaken by Redwood will be CASBEE (the local Japanese sustainable rating) or LEED certified. All warehouses that we develop are built with energy efficient technology and other features to reduce our customers' costs. Such features include energy efficient lighting, waste water management systems, more than adequate green areas and solar energy generation through solar panels on the roof tops of the buildings.

social responsibility icon  SOCIAL RESPONSIBILITY

In the development, construction and operation phase of property, issues regarding human rights and work conditions are liable to arise. This may result in financial and/or reputational risk for the property in question and for the investor in the asset.

In all the markets where we operate we share this social agenda with our vendors, partners, and contractors while encouraging them to share the same with their vendors, partners and contractors. We select our partners carefully and mitigate social risks through constant and careful monitoring of activities on our sites.

governance icon  GOVERNANCE

Effective corporate governance is critical to success. We put in place robust processes to minimize the risk of errors and always remain transparent and accountable to our LPs to whom our fiduciary duties we regard as sacred. Wherever possible, we minimize the risk of conflicts of interest and fraud through the use of independent third parties such as fund administrators and the use of technology available to us.

Working at Redwood
Position Leasing Director, East China
Office The Redwood Group, China
City Shanghai
Contact hrchina@redwoodgroup.com
Position Business Development Director
Office The Redwood Group, China
City Beijing
Contact hrchina@redwoodgroup.com

Leasing Director, East China

Shanghai, China

Reporting line: Managing Director, China

Expected onboard date: October 2014

Responsibilities:

  • Work alongside the BD & Leasing team mainly responsible for leasing Identify, source, evaluate and negotiate new opportunities
  • Conduct leasing plan according to pipeline and meet up with investor’s requirement
  • Follow up the leasing and operation process, drafting, modifying and confirming tenant proposal, lease contract and other relevant documents.
  • Independently conduct client visit, negotiation and sign-up lease contract.
  • Extract information of potential tenants via various methods and sources
  • Appoint and manage real estate brokers.
  • Make sure of smooth tracking and execution of documents and management responsibilities
  • Coordinate with Construction and Asset Management team to fulfill tenant’s requirement
  • Developing long term relationship with customers, brokers, local government, joint venture partner and other owners of land.
  • Carry out any other assignments as directed by the company from time to time.

Requirements:

  • Over 10 years related leasing experience preferably in the real estate development, logistics and/or warehousing/distribution fields
  • Proven record of accomplishment in leasing who has strong existing relationships with potential tenants as well as the brokerage and institutional communities in the assigned region
  • Experience interacting and negotiating at a senior level
  • Good knowledge in office software
  • Excellent interpersonal, communication, analytical and problem solving skills
  • High degree of character and integrity
  • Willingness to operate in a challenging work environment and sustain a high performance level
  • Good in both spoken and written English and Chinese

Qualified applicants are requested to submit a resumé to hrchina@redwoodgroup.com, referencing the position, "Leasing Director, East China."

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Business Development Director

Beijing, China

Reporting line: Managing Director, China

Responsibilities:

  • Work alongside the China MD for transactions & business development in Northern China
  • Identify, source, evaluate and negotiate new investment and acquisition opportunities
  • Conduct land and asset acquisitions
  • Develop and maintain key relationship with potential customers, brokers and government authorities essential to business development
  • Coordinate with different function groups for implementation of new projects
  • Prepare the market study materials including the supply and demand analysis
  • Develop regular status reports and actively communicate business development progress with the management
  • Monitor development to ensure delivery is in accordance with criteria stipulated in IC Memoranda
  • Leasing strategy & development
  • Asset management of direct and indirect real estate assets
  • Training and mentorship
  • Build up the team in North China
  • Carry out any other assignments as directed by the company from time to time

Requirements:

  • At least 10 years related business development experience preferably in real estate development preferably in the logistics / warehousing /distribution or industrial sectors
  • Good business sense in industrial development, existing relationships with potential deal sources would be a plus
  • Experience interacting and negotiating at a senior level with business partners, customers, and local government
  • Excellent interpersonal, communication, analytical and problem solving skills
  • High degree of character and integrity; self-disciplined & self-motivated
  • Willingness to operate in a challenging work environment and sustain a high performance level
  • Good and proven business judgment
  • Good spoken and written English an advantage
  • Good knowledge in office software

Qualified applicants are requested to submit a resumé to hrchina@redwoodgroup.com, referencing the position, "Business Development Director, Beijing."

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The Redwood Group - ESR seals deal for proposed phased development of multibillion US$ logistics park. The 140,000 sqm (1.5 million sq ft) prime development site is near Haneda International Airport, one of Japan’s most prized transport hubs

Tokyo/Shanghai/Singapore, 6 July 2016 – e-Shang Redwood (“ESR”), one of the leading logistics fund developers and managers in Asia, announced that it has purchased two of the most significant land parcels to come to the market in Tokyo Bay. The sites are located in one of the most valuable logistics markets in Tokyo due to its proximity to Central Tokyo, the main Port infrastructure, Haneda International Airport and its position in the densely populated urban continuum between Tokyo and Yokohama. Both sites are currently leased to a credit tenant.

The two prime, undeveloped land parcels have a combined area of 143,839 sqm (43,511 tsubo) and are strategically situated in Higashi Ogijima, Kawasaki-city, Kanagawa prefecture.

ESR intends to develop three state-of-the-art eight-storey warehouses in phases with a combined NRA of up to 560,000 sqm. The first land parcel (“Site A”) has a total area of 77,723 sqm (23,511 tsubo) and is currently being used as an open-air storage and parking area for the tenant’s heavy vehicles while the second land parcel (“Site B”) has a total area of 66,116 sqm (20,000 tsubo) and currently houses two warehouses which the tenant uses to store equipment and vehicle parts.

The project is located 15km away from Tokyo CBD, in close proximity to Haneda International Airport (5km), Kawasaki Port container terminal (1km) and Yokohama Port (15km). The Higashi Ogijima Interchange (access point) of the Metropolitan Expressway Bay Route is located only 1.6km from the subject site and provides swift access to the motorway connecting Tokyo, Yokohama and Haneda International Airport.

Ben Duncan, North Asia president of CBRE stated: "This is one of the largest master planned distribution parks in the Tokyo area, and especially given its location, it should have broad appeal for a variety of logistics companies operating here."

Stuart Gibson, Co-Founder of ESR and head of its Japan operations stated: "The Bay Area in Tokyo has always been the highest demand location for largescale modern logistics operators. Currently, facilities in this submarket are running at full occupancy which confirms the strong fundamentals in the Japanese logistics market. We feel excited that the resulting development will arguably surpass most any comparable scheme developed over the last 10 years in the Tokyo Bay area as it will offer leading tenants in the e-commerce, retail and 3rd-party logistics space an unmatched combination of functionality, expansion flexibility and unique locational attributes."

About e-Shang Redwood

e-Shang Redwood (“ESR”) brings together two of the leading developers, owners and operators of logistics real estate in Asia and represents one of the largest logistics real estate platforms in the region with over 3.5 million square meters of projects owned and under development across China, Japan and South Korea, and capital and funds management offices in Hong Kong and Singapore.

Founded in 2006 and 2011, respectively, Redwood and e-Shang merged in 2016 to form ESR and are backed by some of the worlds’ preeminent investors including APG, Warburg Pincus, Equity International, PGGM, CPPIB, PAG, Morgan Stanley, CBRE and Goldman Sachs. Today, ESR has one of the largest development pipelines in Asia focused on the key metropolitan areas most closely tied with consumption and globalization of trade. ESR is also the largest third-party landlord for the leading e-commerce companies in China, as well as for cold-chain logistics.

Contacts:

ESR Japan Leasing
Kazuhiko Watanabe kwatanabe@redwoodgroup.com

ESR Corporate Media Relations:
Emma Larsson elarsson@redwoodgroup.com

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Ping An Real Estate commits over USD 300 million to ESR for co-investment in Japan logistics development projects

Tokyo/Shanghai/Hong Kong/Singapore, 4 July 2016 – e-Shang Redwood (“ESR”), one of the leading logistics developers and fund managers in Asia, announced that Ping An Real Estate (“PARE”) has committed over USD300 million to a programmatic co-investment JV with ESR.

The Ping An Real Estate JV will allow PARE to co-invest up to 50% in logistics development projects from ESR’s Japan pipeline currently estimated to totalling well over USD 1 billion worth of construction starts within the next 12-18 months. PARE has already committed to 4 co-investments with ESR located in Tokyo and Nagoya.

By partnering with ESR, PARE is pursuing the significant value creation opportunities afforded by development of state-of-the-art logistics facilities today in Japan. The main Japanese logistics markets of Tokyo, Osaka and Nagoya are currently experiencing low single-digit vacancy levels and are poised to experience significant growth to meet the demand for high throughput facilities from 3rd-party logistics providers and e-commerce companies.

Charles de Portes, President of ESR stated: “We are honoured by PARE’s commitment to ESR and proud to add Ping An Real Estate to our strategic investor relationships. Recent structural changes to the retail and logistics industries globally and within Asia have arguably put logistics real estate on a secular growth trend. Continued demand coupled with constrained supply of modern stock in Japan are predicted to lead to enduring returns for PARE and others invested in the product in the country’s largest metropolitan areas witnessing both urbanization and globalization of trade.”

Pierre-Alexandre Humblot, ESR Capital Officer added: “Logistics is a stable real estate asset class offering institutional investors predictability and resilience of cash flow. The timing is particularly auspicious for those forward-looking investors wanting to achieve lasting exposure and access to the asset class.”

About e-Shang Redwood

e-Shang Redwood (“ESR”) brings together two of the leading developers, owners and operators of logistics real estate in Asia and represents one of the largest logistics real estate platforms in the region with over 3.5 million square meters of projects owned and under development across China, Japan and South Korea, and capital and funds management offices in Hong Kong and Singapore.

Founded in 2006 and 2011, respectively, Redwood and e-Shang merged in 2016 to form ESR and are backed by some of the worlds’ preeminent investors including APG, Warburg Pincus, Equity International, PGGM, CPPIB, PAG, Morgan Stanley, CBRE and Goldman Sachs. Today, ESR has one of the largest development pipelines in Asia focused on the key metropolitan areas most closely tied with consumption and globalization of trade. ESR is also the largest third-party landlord for the leading e-commerce companies in China, as well as for cold-chain logistics.

About Ping An Real Estate

PARE is the real estate investment and asset management platform of Ping An Insurance (Group) Company of China, Limited (“Ping An Group”), a Fortune Global 100 enterprise. PARE primarily focuses on investing in the development of commercials, logistics, mixed-use projects, senior housing as well as strategic and outbound investments.

Contacts:

ESR Investor Relations
Pierre-Alexandre Humblot phumblot@redwoodgroup.com

ESR Corporate Media Relations:
Emma Larsson elarsson@redwoodgroup.com

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Redwood Announces Completion of Chibakita Distribution Center & New Leases Totalling 75,000 sqm in Japan.

Tokyo, 28 March 2016 — Redwood (an “ESR” company), the Asia-based logistics fund manager announces the successful completion of its Chibakita Distribution Center (“Chibakita DC”), a four-storey build-to-suit facility, 100% leased to DAIWA Co. Ltd. commencing August 2016. In addition, a new 5-year lease agreement has been signed with ASAHI LOGI LTD. for unit B of its three-storey Kawagoe Distribution Center (“Kawagoe DC”) commencing May 2016. Active negotiations are ongoing to lease unit A. The new lease agreements total approximately 75,000 square meters (“sqm”) (807,300 square feet) and are both first-time customers of ESR in Japan.

The Chibakita DC with a gross floor area of 39,600 square meters (“sqm”), is strategically located in Chiba Prefecture is one of the most important distribution regions in Greater Tokyo. The area is known for its industrial concentration and offers opportunities to meet rising demand for domestic distribution from both retail and e-commerce customers.

The Kawagoe DC with a gross floor area in unit A: 16,600 square meters (“sqm”) and unit B: 36,000 square meters (“sqm”), is situated in an inland logistics hub located in south-central Saitama Prefecture and has good access to central Tokyo as well as the Saitama City and Prefectural consumer areas. Ken-O expressway connects this location to 5 major expressways allowing broader distribution to Greater Tokyo.

Hideaki Matsunami, Managing Director of Redwood Japan, said: “Demand for modern logistics facilities from third-party logistics (“3PL”) providers and wholesale distributors catering to domestic consumption remains strong in Japan. We are delighted to establish a new relationship with these customers and look forward to supporting their continued growth.”

About e-Shang Redwood

e-Shang Redwood (“ESR”) brings together two of the leading developers, owners and operators of logistics real estate in Asia and represents one of the largest logistics real estate platforms in the region with over 3.5 million square meters of projects owned and under development across China, Japan and South Korea, and capital and funds management offices in Hong Kong and Singapore.

Founded in 2006 and 2011, respectively, Redwood and e-Shang merged in 2016 to form ESR and are backed by some of the worlds’ preeminent investors including APG, Warburg Pincus, Equity International, PGGM, CPPIB, PAG, Morgan Stanley, CBRE and Goldman Sachs. Today, ESR has one of the largest development pipelines in Asia focused on the key metropolitan areas most closely tied with consumption and globalization of trade. ESR is also the largest third-party landlord for the leading e-commerce companies in China, as well as for cold-chain logistics.

Contacts:

ESR Investor Relations
Pierre-Alexandre Humblot phumblot@redwoodgroup.com

ESR Corporate Media Relations:
Emma Larsson elarsson@redwoodgroup.com

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PGGM invests further USD160M into Redwood China Logistics Fund.

Singapore/Zeist, 1 February 2016 — e-Shang Redwood (“ESR”), the Asia-based logistics fund manager announced it has closed a further USD160M from PGGM into the Redwood China Logistics Fund.

After this closing, PGGM has committed a total of USD430 million to Redwood’s China logistics real estate fund (“RCLF”). This latest round marks the third equity commitment by PGGM.

The fund set up in 2012 develops prime distribution and logistics real estate facilities in selected high growth markets in China. The fundamentals of the Chinese logistics sector remain compelling with significant undersupply and pent-up demand for modern and efficient logistics facilities, driven by on-going urbanisation, rising domestic consumption and the growth of the Chinese e-commerce market.

Charles de Portes and Michael de Jong-Douglas, President of ESR and Managing Director, respectively, issued a joint statement: “We are delighted to further build on our well-established relationship with PGGM, one of the world’s leading pension fund managers. Capturing the strong momentum of logistics real estate growth in China, PGGM’s increasing investments with us in the region since 2012 have proven timely for long-term value creation. PGGM continues to be a key investment partner and now holds over USD600 million of equity commitments with ESR across China and Japan.”

Thijs Schoenaker, senior investment manager with PGGM Private Real Estate, added: “PGGM is a long term investor with patient capital and has been a seed investor with Redwood in their first investments in China logistics property since 2012. Over the past years they have built up a sustainable and high quality portfolio and platform in China. The merger with e-Shang will further strengthen the platform and add value for their customers in Asia. As a result, PGGM is keen to continue to invest with ESR – as one of our strategic operating partners in Asia.”

About e-Shang Redwood

e-Shang Redwood (“ESR”) brings together two of the leading developers, owners and operators of logistics real estate in Asia and represents one of the largest logistics real estate platforms in the region with over 3.5 million square meters of projects owned and under development across China, Japan and South Korea, and capital and funds management offices in Hong Kong and Singapore.

Founded in 2006 and 2011, respectively, Redwood and e-Shang merged in 2016 to form ESR and are backed by some of the worlds’ preeminent investors including APG, Warburg Pincus, Equity International, PGGM, CPPIB, PAG, Morgan Stanley, CBRE and Goldman Sachs. Today, ESR has one of the largest development pipelines in Asia focused on the key metropolitan areas most closely tied with consumption and globalization of trade. ESR is also the largest third-party landlord for the leading e-commerce companies in China, as well as for cold-chain logistics.

About PGGM

PGGM is a cooperative Dutch pension fund service provider. Institutional clients are offered: asset management, pension fund management, policy advice and management support. On December 31, 2015, PGGM had EUR 183.3 billion in assets under management. The PGGM cooperative has approximately 700,000 members and is helping them to realize a valuable future. Either alone or together with strategic partners, PGGM develops future solutions by linking together pension, care, housing and work. www.pggm.nl

Contacts:

ESR Investor Relations
Pierre-Alexandre Humblot phumblot@redwoodgroup.com

ESR Corporate Media Relations:
Emma Larsson elarsson@redwoodgroup.com

PGGM Corporate Communication:
Maurice Wilbrink maurice.wilbrink@pggm.nl

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e-Shang and the Redwood Group Announce Strategic Merger --Creates Foremost Pure-play Pan-Asia Logistics Real Estate Platform

Shanghai, Singapore and Tokyo, 22 January 2016 — Two of the leading developers, owners and operators of logistics real estate in Asia, e-Shang Cayman Ltd (“e-Shang”) and the Redwood Group Asia, Pte. Ltd. (“Redwood”), announced today that the two companies have completed an all-stock merger.

Upon completion of the merger, the combined group will be renamed e-Shang Redwood (“ESR”) and will represent one of the largest logistics real estate platforms in Asia with over 3.5 million square meters of projects owned and under development across China, Japan and South Korea, and capital and funds management offices in Hong Kong and Singapore.

On a combined basis, ESR will also immediately have (i) one of the largest development pipelines in each of its markets of operation (totaling approximately 8 million square meters), (ii) leading MNC tenants including Amazon, JD.com, 1haodian, H&M, Carrefour, DB Schenker, Daimler, Askul, and others and (iii) a well-diversified, blue-chip institutional capital partner base including but not limited to APG, PGGM, CPPIB, Morgan Stanley and Goldman Sachs.

e-Shang, founded in 2011 by global private equity firm Warburg Pincus and two highly successful Chinese real estate entrepreneurs, develops institutional-quality warehouses in China and South Korea. Since its inception, e-Shang has grown rapidly and currently has over 2 million square meters of modern logistics warehouses in operation and under development that cater to third-party logistics providers, retailers and e-commerce companies in China. Today, e-Shang is the largest third-party landlord for the leading e-commerce companies as well as for cold-chain logistics, and it has emerged as one of the top owners of modern warehouses across China.

To fund its growth, e-Shang has previously raised capital from its co-founder Warburg Pincus and other world-class investors including Goldman Sachs, APG and CPPIB. In 2014, e-Shang entered the South Korean market, partnering with two experienced local entrepreneurs to build out Kendall Square Logistics Properties and currently has over 600,000 square meters of projects under development and a pipeline of over 1.0 million square meters. In November, e-Shang announced the creation of a US$500 million joint venture with APG and CPPIB to build out its large pipeline in the Korean market.

Founded in 2006 by Stuart Gibson and Charles de Portes, Redwood is a specialized logistics real estate firm with recognized knowledge and experience that includes in-house development, leasing and asset management with 1.2 million square meters in operation and under development and a large pipeline in the most prime locations across China and Japan.

Redwood’s founders are considered pioneers in the development of institutional-quality warehouses in Asia, having founded both Prologis and AMB platforms in Japan in 1999 and 2003,respectively, and have executed more than US$4 billion of logistics real estate investments in the region since the late 1990s. With acceleration of the growth in Redwood’s business, the founders took on Equity International (”EI) as a strategic partner in 2013. EI is a leading emerging markets real estate fund chaired and sponsored by Sam Zell. Redwood also secured other large fund and project-level investment partners including PGGM, Morgan Stanley, PAG and CBRE.

Jeffrey Shen, co-founder and CEO of e-Shang, and Stuart Gibson, co-founder and CEO of Redwood, will serve as co-CEOs of the combined company. In addition to the co-CEOs, Sun Dongping (co-founder and Chairman of e-Shang) and Charles de Portes (co-founder of Redwood who will serve as President of ESR) will comprise a 4-member executive committee that will focus on developing ESR’s large pipeline and business initiatives across Asia while continuing to grow its broader team and global capital relationships. The respective best-in-class senior management teams in each country will remain in place to execute the day-to-day operations from offices in Shanghai, Guangzhou, Hong Kong, Tokyo, Osaka, Seoul and Singapore.

Mr. Shen commented: “The long-term demand for modern warehousing is significant and our vision is to be a “client-first” platform with the goal of identifying and delivering integrated logistics warehousing solutions across Asia Pacific for our clients. The partnership with Redwood will add significant AUM, pipeline and equity relations as well as management and operational expertise to the team and I look forward to working closely with the Redwood founders to take the merged company to the next level as the leading real estate logistics player in the region.”

Mr. Sun added: “Both e-Shang and Redwood have built best-in-class platforms in their respective markets and we believe strongly in the potential for the combined company. I would like to personally welcome Stuart, Charles and the larger Redwood family.”

Upon completion of the merger, e-Shang and Redwood will have complementary and differentiated geographic footprints to cater to the needs of leading e-commerce players, modern retailers and third-party logistics players in China, Japan and South Korea. The merger will provide enhanced operational capabilities and business relationships resulting in better service and added value to clients and investors.

Mr. Gibson and Mr. de Portes made a joint statement: “We are excited to partner with the teams at e-Shang, securing a market-leading position from which to offer our clients high quality service across Asia and a strong platform for future growth.”

Jeffrey Perlman, Managing Director at Warburg Pincus, added: “We continue to strive to build the preeminent logistics platform in Asia and the merger will yield significant benefits for the combined group with enhanced integrated capabilities, deeper capital relationships and greater scale in advance of a targeted IPO.”

The rapid growth in e-commerce, greater supply chain efficiencies and consolidation by third-party logistics providers are the major drivers for the growing demand of modern logistics real estate players such as e-Shang and Redwood. The industry estimates that the online retailing sector alone will grow at a CAGR of 31% from 2015 to 2018 in China, 11.3% for Japan and 9.2% in South Korea.

About e-Shang

e-Shang, headquartered in Shanghai, China, is a fully integrated development and investment management business with expertise in a wide real estate spectrum in Asia. e-Shang was co-founded by global private equity firm Warburg Pincus and two Chinese entrepreneurs in 2011, and was invested by the Dutch pension fund asset manager APG Asset Management N.V. in May 2014. Since inception, e-Shang has grown rapidly and currently has 20 e-commerce, retail, cold distribution centers and projects totaling over 2.3 million square meters in operation and under development in China and South Korea. For more information on e-Shang, please visit en.e-shang.com.cn/

About The Redwood Group

Redwood, founded in 2006 by Charles de Portes and Stuart Gibson, is operated by senior local professionals in Singapore, Japan and China. Redwood, along with its preeminent global institutional investor partners, invests in, develops and manages logistics real estate in the largest metropolitan areas of Asia most tied to and growing fastest with global trade. Additional information about Redwood may be found at: www.redwoodgroup.com

Media Contacts:
e-Shang
Anyi Wang anyiwang@e-shang.com.cn

Redwood:
Emma Larsson elarsson@redwoodgroup.com

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Redwood Commences One of the Largest Solar Rooftop Energy Programs in Japan Along with China Expansion

Tokyo 3 November, 2015 -In-line with its commitment to environmentally sustainable development and operations, the Redwood Group announced its latest solar power generation initiatives in Japan and China.

In Japan, Redwood commenced operation and new build of three large-scale distribution center rooftop solar power plants as part of one of Japan's largest new solar rooftop initiatives, with over a dozen Redwood large-scale solar projects in progress. The initial three plants' combined output is 4 megawatts. By way of comparison, one megawatt (“MW”) alone is commonly considered enough to power between 750-1000 homes. The three initial plants are distributed around the greater Tokyo region at the Redwood Distribution Centers of Namamugi, Yokohama (1MW); Kawagoe, Saitama (1.5MW) and Sakura, Chiba (1.5MW). Under the Redwood Renewables program, the solar energy generated will be sold to the Tokyo Electric Power Company at a fixed rate for a 20 year period.

For the initial three projects, Redwood has partnered with two of Japan's leading solar service providers, Kyocera Solar Corporation (at Namamugi and Sakura) and Chuo Densetsu Co. Ltd. (at Kawagoe), to install and maintain the systems. The solar panels were provided by two of the largest solar panel manufacturers globally, Japan-based Kyocera and China-based Trina. The Namamugi plant has become fully operational as of October 2015, with Sakura and Kawagoe locations following in November and January thereafter, respectively.

"Redwood prides itself on its commitment to sustainability," said Stuart Gibson, CEO of the Redwood Group. “As well as creating revenue streams from otherwise underutilized areas and in-line with incorporating sustainable practices into the industrial facilities we develop, the solar panels generate clean energy, reduce environmental impact, energy expenses and greenhouse gas emissions. These three facilities are the initial projects of a significant pipeline of rooftop solar plants. At the same time, we also continue to explore other environmental initiatives for our buildings beyond solar, incorporating high CASBEE standards.” CASBEE (Comprehensive Assessment System for Built Environment Efficiency) is the green building management system in Japan.

Bryan Gould, head of Redwood Renewables initiative added: “We are very excited to install these solar energy plants on our new distribution centers in Yokohama, Saitama and Chiba. Each solar plant produces clean energy at a fraction of retail energy prices. With these newest installations, one achieves the goal of grid parity and a union of commercial and long-term environmental sustainability interests, a priority for Japan and increasingly worldwide.”

In China, at the Redwood Beijing Distribution Center, UGE International Ltd., a leader in renewable energy solutions, was selected to supply Redwood with a state-of-the-art solar energy system. Construction of the system is now complete as of fall 2015. The 248 KW on-site solar energy system will significantly reduce energy costs, operating expenses, and carbon footprint. Colin Clark, Construction Director of the Redwood Group, China comments: "The Beijing project is the first of many for Redwood nationally, solidifying our pioneering commitment to sustainable logistics buildings in China as elsewhere in Asia.”

In recent years Redwood and PGGM (based in the Netherlands, PGGM is one of the world’s largest private investors in real estate) have developed a successful investment partnership. This ambitious solar energy program of Redwood contributes to PGGM’s policy to improve the sustainability performance of its Private Real Estate Fund. Thijs Schoenaker, Senior Investment Manager of PGGM Private Real Estate, comments: "Sustainability is key to PGGM’s activities as a long-term investor. Our ambition is to reduce the carbon footprint of our clients’ portfolios and increase sustainable investments in the coming years. Over the past years we have actively held discussions with our strategic partner, Redwood, about its sustainability plans. These initiatives fit very well into the roadmap to build a best-in class and sustainable logistics property portfolio in Asia for the long-term.”

About The Redwood Group

The Redwood Group (Redwood), founded in 2006 by Charles de Portes and Stuart Gibson, is operated by senior local professionals in Singapore, Japan and China. Redwood, along with its significant global institutional investor partners, invests in, develops and manages logistics real estate in the largest metropolitan areas of Asia most tied to and growing fastest with global trade.

The senior officers of Redwood, considered pioneers in the development in Asia of international investment quality logistics platforms have executed more than USD 4 billion of logistics real estate investments in the region since the late 90s, and over 5 million m2 of developments and acquisitions internationally while providing high quality distribution space for some of the largest end users and logistics service providers operating both within Asia and around the world. Redwood is a strategic partner of the international investment firm founded and chaired by Sam Zell, Equity International. Additional information about Redwood may be found at: www.redwoodgroup.com and about Equity International at www.equityinternational.com

### Contacts:
Redwood Investor Relations:
Pierre Alexandre Humblot phumblot@redwoodgroup.com

Redwood Corporate Media Relations:
Emma Larsson elarsson@redwoodgroup.com

Redwood Leasing Enquiries, China:
Bill Chen bchen@redwoodgroup.com

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The Redwood Group Leases 44,517 sqm (479,177 sq ft) to Industry Leader in China

Shanghai, 1 October 2015 - The Redwood Group (“Redwood”), a leading pan-Asian logistics fund manager and developer and Equity International’s Asia logistics partner, today announced that it has signed a new lease agreement with Gold HongYe Paper Group (“GHY”) for 44,517 square meters (“sqm”) (479,177 square feet (“sq ft”) at the recently completed Redwood Kunshan Distribution Centre 1. This lease encompasses 72% of the leasable space of the project.

The leasing agreement is the first collaboration between GHY and Redwood in China. GHY, a leading manufacturer of consumer tissue products under brand names such as Virjoy, Breeze and Zhen Zhen, was founded in 1996 and is headquartered in Suzhou, China. The company employs 13,000 people and has operations, supply chain networks and manufacturing facilities throughout the country. GHY is a subsidiary of Asia Pulp & Paper Co. Ltd, based in Jakarta, which is one of the largest pulp and paper companies in the world.

Redwood Kunshan Distribution Center 1, a newly delivered 2-storey logistics facility of 61,851 sqm is strategically situated in the Kunshan Hi-Tech Development Zone, which is 50 km from Shanghai and 37 km from Suzhou. The Beijing-Shanghai Railway, the Shanghai-Nanjing Expressway and State Highway 312 pass through the zone, further improving its accessibility with the Shanghai Hongqiao Airport at 45 km from the zone. The facility is built to LEED Silver standards, which is the target LEED level for all new Redwood developments in China.

Michael de Jong-Douglas and Bill Chen (MD of Redwood China and Leasing Director, Eastern China respectively) issued a joint statement: “We are very excited to establish a relationship with GHY and look forward to supporting them as they continue to expand in China.”

Thijs Schoenaker, senior investment manager of PGGM Private Real Estate commented: "For several years now Redwood has been an important partner for us and PGGM is pleased with a reputable tenant as GHY signing this lease. It confirms the quality of the location and the development by Redwood."

About The Redwood Group

The Redwood Group (Redwood), founded in 2006 by Charles de Portes and Stuart Gibson, is operated by senior local professionals in Singapore, Japan and China. Redwood, along with its significant global institutional investor partners, invests in, develops and manages logistics real estate in the largest metropolitan areas of Asia most tied to and growing fastest with global trade.

The senior officers of Redwood, considered pioneers in the development in Asia of international investment quality logistics platforms have executed more than USD 4 billion of logistics real estate investments in the region since the late 90s, and over 5 million m2 of developments and acquisitions internationally while providing high quality distribution space for some of the largest end users and logistics service providers operating both within Asia and around the world. Redwood is a strategic partner of the international investment firm founded and chaired by Sam Zell, Equity International. Additional information about Redwood may be found at: www.redwoodgroup.com and about Equity International at www.equityinternational.com

### Contacts:
Redwood Investor Relations:
Pierre Alexandre Humblot phumblot@redwoodgroup.com

Redwood Corporate Media Relations:
Emma Larsson elarsson@redwoodgroup.com

Redwood Leasing Enquiries, China:
Bill Chen bchen@redwoodgroup.com

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The Redwood Group Announces Two of the Largest Private Logistics Real Estate Developments in Japan, Combined Investment Value over US$1 billion

Tokyo, 25 March 2015 - The Redwood Group (“Redwood”), continued its rapid pace of expansion in the Japanese logistics real estate market with the announcement today of the closing and commencement of two new prime developments in greater Osaka, with a combined estimated completion value of over 120 billion Japanese Yen (over US$ 1 billion).

The two new distribution centers (DC), Redwood Nanko DC and Higashi Osaka DC, are strategically located in the bay area of Nanko Naka and inland at Fujiidera respectively, providing customers with excellent coverage to the greater Osaka market.

Given the scale of the projects, Redwood is proud to partner with financial powerhouses Diamond Realty Management (a subsidiary of Mitsubishi Corporation), Sumitomo Mitsui Trust Bank and Shinsei Bank as primary lenders.

The planned Redwood Nanko DC, will represent circa 250,000 m2 of Gross Floor Area (GFA) making it one of the largest logistics real estate developments in Japan. Strategically located at the port of Osaka just 15-minutes drive from Osaka CBD and 40-minutes from Kansai International Airport, the two double-ramped distribution centers at Nanko are targeted for delivery in 2016 and 2018. Redwood Higashi Osaka DC is designed as a 5-storey warehouse with a total GFA of over 150,000 m2. Construction is to commence October 2015 and completion by end of 2016. Its location at the confluence of the Meihan, Kinki and Hanshin highways provides excellent access to each of Osaka CBD, neighboring Kyoto, Nara, Wakayama and beyond to Nagoya.

As with all Redwood Japan projects, the construction design of both is set to best international practices, including highly efficient movement of goods with access for vehicles to each floor and a prioritization of safety and sustainability. The developments will feature seismic resistant structures to the newest standards and back-up generators to ensure safety and security while providing business continuity to customers at all times. With the environment as a priority, the facilities are to include water saving devices, energy efficient lighting and the installation of three of the larger rooftop solar photovoltaic (PV) plants in Japan yielding a combined generation capacity up to a full 8 megawatts of clean energy for use in the metro area.

The Redwood senior management for over 15 years has been building prime distribution centers in Osaka, second only to Tokyo as the largest logistics market in Japan. With a population of circa 24 million and known as a major global manufacturing center of the electronic, machinery, chemical and pharmaceutical industries, greater Osaka has an estimated annual GDP of US$800 billion in one metropolitan area and has for centuries played a pivotal role both in Japan’s import/export and domestic distribution of goods.

Charles de Portes and Stuart Gibson (President and CEO respectively), made this joint comment: "We are thrilled to announce these developments in Kansai of significant scale. Each is carefully located and designed to service with efficiency, safety and environmental sensitivity the logistics needs of our domestic and international clients.”

Japan Managing Director, Hideaki Matsunami and Business Development Director, Atsushi Maeda added: “Underlining the strong demand in the region, the vacancy rate for industrial and logistics properties in the Greater Osaka region is at an all-time low of 0.4% compared to Greater Tokyo of 3.8%, making it difficult for firms to find enough quality space to meet their needs. Given the high visibility of both projects coupled with shortage of supply, we are honored that prospective tenants have been proactively contacting us about both locations.”

Redwood also commenced construction on its Chibakita DC, strategically located in Chiba Prefecture, one of the most important distribution regions in Greater Tokyo. The area is known for its industrial concentration and offers opportunities to meet rising demand for domestic distribution from both retail and e-commerce customers. The development project will have a gross floor area of 36,944 m2 built on a land site of 18,622 m2. The 4-storey build-to-suit facility for DAIWA Co. Ltd. is scheduled to be completed end March 2016.

About The Redwood Group

The Redwood Group (Redwood), founded in 2006 by Charles de Portes and Stuart Gibson, is operated by senior local professionals in Singapore, Japan and China. Redwood, along with its significant global institutional investor partners, invests in, develops and manages logistics real estate in the largest metropolitan areas of Asia most tied to and growing fastest with global trade.

The senior officers of Redwood, considered pioneers in the development in Asia of international investment quality logistics platforms have executed more than USD 4 billion of logistics real estate investments in the region since the late 90s, and over 5 million m2 of developments and acquisitions internationally while providing high quality distribution space for some of the largest end users and logistics service providers operating both within Asia and around the world. Redwood is a strategic partner of the international investment firm founded and chaired by Sam Zell, Equity International. Additional information about Redwood may be found at: www.redwoodgroup.com and about Equity International at www.equityinternational.com

About PGGM

PGGM is a cooperative Dutch pension fund service provider. Institutional clients are offered: asset management, pension fund management, policy advice and management support. On June 1, 2014 PGGM has EUR 167 billion in assets under management. The PGGM cooperative has approximately 670,000 members and is helping them to realize a valuable future. Either alone or together with strategic partners, PGGM develops innovative future provisions by linking together pension, care, housing and work. www.pggm.nl

### Contacts:
Redwood Investor Relations:
Jai Mirpuri jmirpuri@redwoodgroup.com

Redwood Corporate Media Relations:
Emma Larsson elarsson@redwoodgroup.com

PGGM Corporate Communication:
Maurice Wilbrink maurice.wilbrink@pggm.nl
Kunieke Luth kunieke.luth@pggm.nl

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PGGM Invests further circa $100M alongside Redwood into Japan Logistics Real Estate.

Singapore/Zeist, 4th August 2014 - The Redwood Group, the Singapore-based logistics fund manager and Asia logistics partner of Equity International has closed a further $100M (JPY equivalent) from PGGM into Redwood’s logistics real estate strategy in Japan.

This closing follows after PGGM’s additional capital commitment of US$144M on behalf of its PGGM Private Real Estate Fund last month into Redwood’s China Logistics Fund. The circa US$100M of additional capital commitment will be coinvested with Redwood’s Japan Logistics Fund into two centrally located Tokyo logistics projects slated for completion in 2015 and 2016. This brings PGGM’s capital commitment with Redwood Japan Logistics real estate to over US$230M.

Stuart Gibson and Hideaki Matsunami, CEO and Managing Director of Redwood Japan, respectively, issued a joint statement: "PGGM is a preeminent global real estate investor and we are delighted to build on our strong relationship with them, following on their increased commitments alongside us into China earlier this summer.” They continued, “Customer demand in Japan for efficient, sustainable and safe logistics facilities is the greatest we have seen since each of us commenced operations in the Japan logistics real estate market in 1999. This compounded by the limited supply of the last years during and post the crisis has led to record high occupancy in the sector. We look forward to working with PGGM to further develop our Japan platform.”

Ping Ip, Investment Manager for Japan with PGGM stated: “This investment fits well into the PGGM Private Real Estate Fund with its long term investment policy. We are pleased to continue to partner with the experienced and decisive manager, The Redwood Group, whose team has executed some of the highest quality distribution and logistics real estate developments and investments in Japan and elsewhere in Asia. PGGM is also pleased with Equity International’s selection of Redwood as best in class and for strategic partnership.”

About The Redwood Group

The Redwood Group (Redwood), founded in 2006 by Charles de Portes and Stuart Gibson, is operated by senior local professionals in Singapore, Japan and China. Redwood, along with its significant global institutional investor partners, invests in, develops and manages logistics real estate in the largest metropolitan areas of Asia most tied to and growing fastest with global trade.

The senior officers of Redwood, considered pioneers in the development in Asia of international investment quality logistics platforms have executed more than USD 4 billion of logistics real estate investments in the region since the late 90s, and over 5 million m2 of developments and acquisitions internationally while providing high quality distribution space for some of the largest end users and logistics service providers operating both within Asia and around the world. Redwood is a strategic partner of the international investment firm founded and chaired by Sam Zell, Equity International. Additional information about Redwood may be found at: www.redwoodgroup.com and about Equity International on www.equityinternational.com

About PGGM

PGGM is a cooperative Dutch pension fund service provider. Institutional clients are offered: asset management, pension fund management, policy advice and management support. On June 1, 2014 PGGM has EUR 167 billion in assets under management. The PGGM cooperative has approximately 670,000 members and is helping them to realize a valuable future. Either alone or together with strategic partners, PGGM develops innovative future provisions by linking together pension, care, housing and work. www.pggm.nl

### Contacts:
Redwood Investor Relations:
Jai Mirpuri jmirpuri@redwoodgroup.com

Redwood Corporate Media Relations:
Emma Larsson elarsson@redwoodgroup.com

PGGM Corporate Communication:
Maurice Wilbrink maurice.wilbrink@pggm.nl
Kunieke Luth kunieke.luth@pggm.nl

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PGGM Invests further $144M alongside Redwood into China Logistics Real Estate


Singapore/Zeist, 14th July 2014 - The Redwood Group, the Singapore-based logistics fund manager and Asia logistics partner of Equity International has closed a further $144M from PGGM into Redwood’s logistics real estate strategy in the PRC.

The vehicle has secured $280 million in commitments following the decision by PGGM to commit an additional $144 million on behalf of its PGGM Private Real Estate Fund.

The focus of the fund is to invest in distribution and logistics real estate facilities in selected high growth markets in China. Investments will be driven primarily by customer demand and need for modern facilities delivering the quality specifications of efficiency and high through-put demanded by today’s leading logistics, retail, manufacturing and e-commerce firms operating in China.

Charles de Portes and Oliver Treneman, President of Redwood Asia and Managing Director of China, respectively, issued a joint statement: “We are pleased to further strengthen our well- established relationship with PGGM, a strong and experienced investor in the China commercial real estate market."

Thijs Schoenaker, Senior Investment Manager with PGGM, commented: “This additional commitment fits to PGGM’s policy to invest more capital with a limited number of strategic partners including Redwood. As a result, we are able to get access to high quality and sustainable investments, reduce costs and increase control over our investments across our global private real estate portfolio."


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Redwood Inks Morgan Stanley AIP co-investment in China


Source: PERE Daily Digest – January 13, 2014
(by Michelle Phillips)

The Redwood Group, the Singapore-based logistics fund manager, has inked a built-to-suit development deal with Morgan Stanley Alternate Investment Partners (AIP) Real Estate, the multi-manager platform of Morgan Stanley, as a co-investor. The deal represents Morgan Stanley AIP's first deal with Redwood in China.

The financial details of the deal were not disclosed, but PERE understands the total deal size to be between $50 million and $100 million, including debt. Redwood will act as the operating partner, and is building the 388,000 square foot facility for Daimler Northeast Asia Parts Trading and Services in the southern Chinese city of Guangzhou. Morgan Stanley has come in as a financial partner.

Construction for the first phase of development started last April, with completion expected by mid-2014. Daimler will also have the option of expanding with a second, 140,000 square foot warehouse later on, according to a Redwood statement.

This development represents Redwood's fifth investment in China, and means that Redwood has now fully committed all of the €95 million it raised in a first closing for its China fund. Redwood held that first close in June 2012, with a large commitment coming from Dutch pension fund PGGM. A second close on this fund is expected sometime in the first half of 2014 and Redwood is targeting approximately $400 million for the fund overall. The firm is also in the midst of raising a fund for Japanese logistics real estate.

The deal also represents one of Morgan Stanley AIP's first co-investment deals in Asia. At the end of 2012 the firm's co-head of real estate Paul Vosper said he saw particular opportunities in co-investments, but was willing to undertake such investments primarily in the US and the UK. In May, however, AIP hired Jon Sandstrom to head its Asian real estate team which enabled to platform's focus to expand.

Morgan Stanley AIP and Redwood declined to comment further than the statement.

Morgan Stanley AIP, currently manages $17 billion assets asset classes. It most recently launched a secondaries fund, the AIP Phoenix Global Real Estate Secondaries Fund II 2013, for which it has raised $48 million toward its $500 million goal so far, according to PERE's Research and Analytics division.


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The Redwood Group enters into Long-Term Lease Agreement with Daimler


Shanghai, 30th December 2013 - The Redwood Group (Redwood) announced that it has entered into a 10-year lease agreement with Daimler for a custom built distribution facility in Guangzhou, China.

The Build-to-Suit agreement is the first collaboration between Daimler Northeast Asia Parts Trading and Services Co., Ltd. and Redwood in China. The site is strategically located in the Conghua Economic & Technological Development Zone, Taiping District, Conghua City, Guangzhou and is approximately 18 km distance from Guangzhou Baiyun International Airport (one of the largest international airports in China). The land site area for this class-A development project constitutes over 100,000 m2 (10 hectares) with a gross building floor area of approximately 36,000 m2 for the first phase of development. Redwood and Daimler have agreed a construction start by April 2013 with completion scheduled for mid 2014. The site has easy access to Guangzhou CBD, Dongguan and Shenzhen via National Highway 105, Jiehei Expressway, the Conghua-Zengcheng and Dongguan-Shenzhen Expressways.

The new state-of-the-art single storey warehouse park will have a phase 1 footprint of 34,998 m2 and ample parking including 27 truck berths and a spacious truck yard. The building is designed to meet Daimler’s long term operational needs in Guangdong and is based upon a specification that meets with best industry practices in Europe. The site affords Daimler the opportunity of expanding in the future with the development of a second warehouse of some 13,000 m2.

Charles de Portes and Oliver Treneman (Group President and MD of Redwood China respectively) issued a joint statement: “We are very excited about this agreement with Daimler, a recognized world leader in the automotive industry. Incorporating best practices of structural design, safety and efficiency into the project, the execution of this large-scale lease agreement demonstrates the demand for Redwood’s strategically located, modern logistics facilities and the confidence of major domestic and international clients. We are equally excited about what this project will contribute for years to come to the vibrant economy of Guangzhou, one of the largest and fastest growing metropolitan areas and centers of trade not only of the People’s Republic of China, but indeed, globally."

This project will serve as the main parts distribution hub for Daimler in Guangzhou, which is the main manufacturing hub of the Pearl River Delta, one of mainland China's leading commercial and manufacturing regions. Guangzhou, the capital and largest city of the Guangdong province is located on the Pearl River, about 120 km (75 mi) northwest of Hong Kong and is a key national transportation hub, trading port and southern China's largest city. As of the 2010 census, the city had a population of over 12 million however estimates place the population of the entire Pearl River Delta Megalopolis including its surrounding municipalities and total built up area as high as 40 million.


About The Redwood Group

The Redwood Group (Redwood), founded in 2006 by Charles de Portes and Stuart Gibson, is operated by senior local professionals in Singapore, Japan and China. Redwood, along with its significant global institutional investor partners, invests in, develops and manages logistics real estate in the largest metropolitan areas of Asia most tied to and growing fastest with global trade.

The senior officers of Redwood, considered pioneers in the development in Asia of international investment quality logistics platforms have executed more than USD 3 billion of logistics real estate investments in the region since the late 90s, and over 5 million m2 of developments and acquisitions internationally while providing high quality distribution space for some of the largest end users and logistics service providers operating both within Asia and around the world. Redwood is a strategic partner of the international investment firm founded and chaired by Sam Zell, Equity International. Additional information about Redwood may be found at: www.redwoodgroup.com and about Equity International on www.equityinternational.com

Contacts:
Redwood Japan Leasing:
Hideaki Matsunami hmatsunami@redwoodgroup.com
Or Atsushi Maeda amaeda@redwoodgroup.com

Redwood Investor Relations:
Jai Mirpuri jmirpuri@redwoodgroup.com

Redwood Corporate Media Relations:
Emma Larsson elarsson@redwoodgroup.com


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The Redwood Group Completes Acquisition of Prime Development Site at Narita International Airport, Japan


Tokyo, 6th December 2013 - The Redwood Group (Redwood) announced that it has acquired land for development in a prime distribution location next to Narita International Airport with significant pre-leasing interest already in place.

The site is strategically located in Chiba prefecture, at the site of Narita International Airport, the main international airport serving the Greater Tokyo Area. Redwood is already in negotiations with several tenants for pre-leasing and intends to commence construction shortly, with targeted completion in Q2, 2015.

The project will entail the construction of a 4-storey, next-generation, environmentally-friendly distribution and logistics facility with a total (lettable) area of over 18,000 m2. The development will employ advanced features such as back-up power supply and a seismic isolation structure to ensure customers' business continuity at all times. In addition, Redwood is expecting to acquire an A-class certification by CASBEE1 acknowledging the property as an environmentally state-of-the-art logistics facility.

Stuart Gibson and Atsushi Maeda, CEO and Director of Redwood, respectively, issued a joint statement: "Considering the underlying demand for modern logistic assets across Japan and most particularly in the best Tokyo locations for logistics, supported by tenant demand for improved efficiency, seismic and environmental advances and the existing lack of quality product – we expect significant long-term demand for this new project."

"It is a natural continuation of our strategy of acquiring prime development sites in strategic logistics locations for our clients which include some of the best known retailers, manufacturers and logistics companies nationally and internationally, operating in Japan."

________________________________
1Refers to Comprehensive Assessment System for Build Environment Efficiency, a widely used accreditation system in Japan used by construction companies and real-estate developers to assess and measure the level of "greenness" of buildings.


About The Redwood Group

The Redwood Group (Redwood), founded in 2006 by Charles de Portes and Stuart Gibson, is operated by senior local professionals in Singapore, Japan and China. Redwood, along with its significant global institutional investor partners, invests in, develops and manages logistics real estate in the largest metropolitan areas of Asia most tied to and growing fastest with global trade.

The senior officers of Redwood, considered pioneers in the development in Asia of international investment quality logistics platforms have executed more than USD 3 billion of logistics real estate investments in the region since the late 90s, and over 5 million m2 of developments and acquisitions internationally while providing high quality distribution space for some of the largest end users and logistics service providers operating both within Asia and around the world. Redwood is a strategic partner of the international investment firm founded and chaired by Sam Zell, Equity International. Additional information about Redwood may be found at: www.redwoodgroup.com and about Equity International on www.equityinternational.com

Contacts:
Redwood Japan Leasing:
Hideaki Matsunami hmatsunami@redwoodgroup.com
Or Atsushi Maeda amaeda@redwoodgroup.com

Redwood Investor Relations:
Jai Mirpuri jmirpuri@redwoodgroup.com

Redwood Corporate Media Relations:
Emma Larsson elarsson@redwoodgroup.com


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The Redwood Japan Logistics Fund Completes Acquisition of Prime Development Site in Chiba, Japan


Tokyo, 25th November 2013 - The Redwood Group (Redwood) announced that the Redwood Japan Logistics Fund (RJLF) has acquired land for development with significant pre-leasing interest already in place.

The site is strategically located in Ota Sakura-city, a prime logistics area, which is a short distance from Sakura interchange of Narita expressway, providing access in only 20 minutes to Narita International Airport and within less than an hour to Tokyo CBD. Redwood is already in negotiations with several tenants for pre-leasing and intends to commence construction shortly, with targeted completion in Q2, 2015.

The Redwood Sakura warehouse will be a modern, multi-tenant logistics facility with a Gross Floor Area ("GFA") of over 85,000 m2 and incorporating the latest seismic and environmental technologies. Its high efficiency 5-storey design (standard floor rentable area 15,000 m2) will incorporate ramp access to the 3rd floor with truck berthing and additional truck berthing on both sides of the 1st floor for a total berthing capacity for over 40 trucks.

Stuart Gibson and Hideaki Matsunami, CEO and MD of Redwood, respectively, issued a joint statement: "This acquisition continues the strong momentum of closings of the Redwood logistics pipeline in Japan for our investors this year. It is a natural continuation of our strategy of acquiring prime development sites in key strategic locations for our clients which include some of the best known retailers, manufacturers and logistics companies nationally and internationally, operating in Japan. Customer demand in Japan for modern logistics facilities remains strong, particularly for those well located with ease of access to major thoroughfares such as Sakura serving air freight, trucking distribution and e-commerce clients."


About The Redwood Group

The Redwood Group (Redwood), founded in 2006 by Charles de Portes and Stuart Gibson, is operated by senior local professionals in Singapore, Japan and China. Redwood, along with its significant global institutional investor partners, invests in, develops and manages logistics real estate in the largest metropolitan areas of Asia most tied to and growing fastest with global trade.

The senior officers of Redwood, considered pioneers in the development in Asia of international investment quality logistics platforms have executed more than USD 3 billion of logistics real estate investments in the region since the late 90s, and over 5 million m2 of developments and acquisitions internationally while providing high quality distribution space for some of the largest end users and logistics service providers operating both within Asia and around the world. Redwood is a strategic partner of the international investment firm founded and chaired by Sam Zell, Equity International. Additional information about Redwood may be found at: www.redwoodgroup.com and about Equity International on www.equityinternational.com

Contacts:
Redwood Investor Relations:
Jai Mirpuri jmirpuri@redwoodgroup.com

Redwood Corporate Media Relations:
Emma Larsson elarsson@redwoodgroup.com


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The Redwood Group Announces Completion & Occupancy of Redwood Ichikawa Baraki Logistics Center by Schenker-Seino


Tokyo, 31st October 2013 - The Redwood Group, Japan (Redwood), a leading developer and manager of logistics and distribution real estate in Asia has announced the completion and occupancy of its most recent development project, the Redwood Ichikawa Baraki Distribution Center by Schenker-Seino, a JV between DB Schenker & Seino Logistics, a major 3rd party logistics provider in Japan. This is now the largest distribution center for Schenker-Seino in the country.

This project was one of the first Class-A distribution development projects commenced in the Tokyo region directly after the great earthquake and tsunami of 2011, reflecting unwavering confidence in Japan's resilience and the strength of the Japanese economy, Located with high visibility along the Narita expressway in the bustling logistics area adjacent to the junction of Tokando-Highway and Tokyo-Gaikan (ring road) Highway, the 1.64 hectare site is within 1km of the Ichikawa Interchange of Tokando-Highway and only 25 kms away from central Tokyo.

With a gross floor area of approximately 33,000 m2, the asset incorporates 24 hour security services and the latest seismic engineering and environmental technologies including 2,940 rooftop solar panels, a rainwater purification system and LED lighting to reduce energy costs by as much as 30%. By applying principles such as 5S/POP (permanent optimization program) and providing optimal work conditions in the integrated offices for the employees, the new logistics centre will help Schenker - Seino further improve its high quality services.

Stuart Gibson and Hideaki Matsunami (CEO and MD of Redwood Japan respectively) issued a joint statement: "We were delighted that Schenker - Seino chose to partner with Redwood on the build-to-suit development of the Redwood Ichikawa Baraki Distribution Center, their largest distribution platform in the country. Incorporating best practices of structural design, safety and efficiency into the project, the execution of this large-scale development demonstrates the demand for Redwood's modern logistics facilities and the confidence of major domestic and international clients.


About The Redwood Group

The Redwood Group (Redwood), founded in 2006 by Charles de Portes and Stuart Gibson, is operated by senior local professionals in Singapore, Japan and China. Redwood, along with its significant global institutional investor partners, invests in, develops and manages logistics real estate in the largest metropolitan areas of Asia most tied to and growing fastest with global trade.

The senior officers of Redwood, considered pioneers in the development in Asia of international investment quality logistics platforms have executed more than USD 3 billion of logistics real estate investments in the region since the late 90s, and over 5 million m2 of developments and acquisitions internationally while providing high quality distribution space for some of the largest end users and logistics service providers operating both within Asia and around the world. Redwood is a strategic partner of the international investment firm founded and chaired by Sam Zell, Equity International. Additional information about Redwood may be found at: www.redwoodgroup.com and about Equity International on www.equityinternational.com

Contacts:
Redwood Investor Relations:
Jai Mirpuri jmirpuri@redwoodgroup.com

Redwood Corporate Media Relations:
Emma Larsson elarsson@redwoodgroup.com


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The Redwood Group Announces Acquisition of Prime Distribution Location in Yokohama via the Redwood Japan Logistics Fund


Tokyo, 23 October 2013 - The Redwood Group (Redwood) today announced that the Redwood Japan Logistics Fund (RJLF) has acquired land for development in a prime distribution location of Yokohama with significant pre-leasing interest already in place.

The site is strategically located with high visibility and immediate access to the Namamugi Interchange of Yokohane (Yokohama-Haneda) Line of the Tokyo metropolitan expressway, as well as Daikoku Interchange (8km) of the Wangan Expressway and Daikoku Pier, the largest island pier at the Port of Yokohama. It also has convenient access to one of Japan's two largest airports, Haneda (11km) and on to Tokyo CBD. This thriving logistics hub is home to a number of listed multi-national corporations, manufacturers and third-party logistics providers.

The land area is over 2.6 hectares, with a planned building NRA of approximately 50,000 m2. Construction is expected to start in May 2014 with targeted completion in Q2, 2015.

The Redwood Namamugi warehouse will be a modern, multi-tenant logistics facility incorporating the latest seismic and environmental technologies. Its high efficiency 5 floor design will incorporate a large capacity ramp allowing truck access up to the 4th floor and spacious parking facilities for trucks, employees and visitors. The facility will offer best-in-class functionality and advanced features such as a seismic isolation structure to ensure customers' business continuity and many of the latest green and environmentally sustainable features as per Redwood's last high-standard and high visibility development project in Baraki, with frontage to the Narita Expressway.

Atsushi Maeda and Stuart Gibson, Director and CEO of Redwood, respectively, issued a joint statement: "This acquisition by the Redwood Japan Logistics Fund provides a direct presence in one of the most prime locations of the southern greater Tokyo metropolitan area at Yokohama, a major center of Japanese production and distribution. Despite a high level of demand in the area, the supply of modern facilities in the submarket is scarce, with record low vacancy rates. The site and its planned high visibility and high specification distribution center will be well positioned to service long-term demand in the area with direct access to major thoroughfares servicing port, airport and truck transport for Yokohama, Tokyo and beyond."


About The Redwood Group

The Redwood Group (Redwood), founded in 2006 by Charles de Portes and Stuart Gibson, is operated by senior local professionals in Singapore, Japan and China. Redwood, along with its significant global institutional investor partners, invests in, develops and manages logistics real estate in the largest metropolitan areas of Asia most tied to and growing fastest with global trade.

The senior officers of Redwood, considered pioneers in the development in Asia of international investment quality logistics platforms have executed more than USD 3 billion of logistics real estate investments in the region since the late 90s, and over 5 million m2 of developments and acquisitions internationally while providing high quality distribution space for some of the largest end users and logistics service providers operating both within Asia and around the world. Redwood is a strategic partner of the international investment firm founded and chaired by Sam Zell, Equity International. Additional information about Redwood may be found at: www.redwoodgroup.com and about Equity International on www.equityinternational.com

Contacts:
Redwood Investor Relations:
Jai Mirpuri jmirpuri@redwoodgroup.com

Redwood Corporate Media Relations:
Emma Larsson elarsson@redwoodgroup.com


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Equity International and The Redwood Group Announce Strategic Partnership for Asian Logistics Real Estate

Transaction Expands Redwood's Platform Across Key Asian Markets


CHICAGO & SINGAPORE, August 21, 2013 – Equity International (EI), the privately held investment partner of leading real estate companies outside of the United States, and The Redwood Group (Redwood), a leading investor in and manager of real estate in Asia, announced today a strategic partnership for expansion of Redwood's warehouse and distribution property platform.

Redwood is an investment firm that creates value through the development, repositioning and management of real estate projects primarily in Asia's largest metropolitan areas. Redwood's founders, Charles de Portes and Stuart Gibson, pioneered this asset class in Asia in 1998 with the development of the first build-to-suit distribution hub for DHL, and the creation of the first private equity fund dedicated to Asian logistics real estate in 2002. Redwood's team has executed some of the highest quality distribution and logistics real estate developments and investments in the markets with greatest demand within China and Japan for numerous multinational clients.

"Redwood's institutional reputation, experienced team and strong relationship network make them an ideal platform for EI in Asia," said Tom Heneghan, EI's chief executive officer. "We are delighted to partner with Charles and Stuart as they develop and scale the Company's investments in Asian logistics property."

EI's investment will materially grow Redwood's capital base for rapid, disciplined investment into prime logistics and industrial locations across key Asian markets, with a primary focus on China and Japan. In addition, this partnership further expands the capabilities of the Redwood Japan and Redwood China Logistics Funds already in place with large global investors. The partnership will draw upon the market knowledge, China and Japan development experience and client relationships with many of the largest global and regional users of logistics space of the Redwood team.

Charles de Portes and Stuart Gibson, president and CEO of Redwood, respectively, issued a joint statement: "We are excited to build on our well-established relationship with Equity International. This combination of resources and reach will accelerate the expansion of our Asia platform and allow us to execute on our identified multi-billion US$ pipeline of prime location development projects in the region. We are looking forward to providing more high quality and efficiency logistics space for our clients in the major metropolitan markets of Japan and China that are tied closest to and expanding rapidly with global trade."

Redwood's target markets currently are under-supplied in the type of Class A product demanded by multinational tenants, which has resulted in pent-up demand for logistics space. This demand, coupled with the compelling growth characteristics in a region driven by the expansion of third-party logistics and e-commerce sectors, provide ongoing opportunity in the warehouse and distribution property sector. Redwood's investments will be driven primarily by customer demand for modern logistics facilities with quality specifications and the high through-put required by today's leading logistics operators, retailers, light manufacturers and automotive companies.


About Equity International

Equity International (EI) invests in and alongside leading real estate companies outside the United States, with a particular focus on the most compelling emerging markets. Founded in 1999 by Sam Zell, EI is recognized as a leading international investor and partner of choice, distinguished by an outstanding reputation, global capability and industry-leading portfolio companies. EI has raised over $2 billion and invested in and alongside 24 portfolio companies to-date across 15 countries and 6 continents. For more information, please visit www.equityinternational.com.

About The Redwood Group

The Redwood Group (Redwood), founded in 2006 by Charles de Portes and Stuart Gibson, is operated by senior local professionals in Singapore, Japan and China. Redwood, along with its significant global institutional investor partners, invests in, develops and manages logistics real estate in the largest metropolitan areas of Asia most tied to and growing fastest with global trade.

The senior officers of Redwood, considered pioneers in the development in Asia of international investment quality logistics platforms have executed more than USD 3 billion of logistics real estate investments in the region since the late 90s, and over 5 million m2 of developments and acquisitions internationally while providing high quality distribution space for some of the largest end users and logistics service providers operating both within Asia and around the world. Redwood is a strategic partner of the international investment firm founded and chaired by Sam Zell, Equity International. Additional information about Redwood may be found at: www.redwoodgroup.com.

Contacts:
Equity International:
Allison T. Davis adavis@equityinternational.com
+ 1 312 675 7403

Redwood Corporate Media Relations:
Emma Larsson elarsson@redwoodgroup.com
+ 33 615 123 040


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The Redwood Group announces the Acquisition of Prime Beijing Logistics Asset


Singapore, 18th July 2013 - The Redwood Group (Redwood) today announced that it has acquired a logistics distribution center in the prime location of Ma Ju Qiao Logistics Park, Tongzhou District, Beijing.

The project site is well located, at Xingmao No. 2 Road, Ma Ju Qiao Logistics Park, Tongzhou Logistics District, Beijing city (to the north of the sixth Ring road and to the east of Jing-Jin-Tang express way, with efficient access to and from these roads). The land area is approximately 4 hectares, with a building NRA of 24,071 m2. The property is currently leased to two well established, high profile domestic firms with a pan-China presence; Sino-Trans & Suning.

Tongzhou Logistics District is strategically located in Ma Ju Qiao town, southeast Beijing, connecting Beijing and Tianjin and is considered a class AAA logistics location. It is one of the three key logistics bases in Beijing, providing the city distribution to Beijing downtown, Tianjin and Tangshan city. Situated adjacent to the Beijing Development Area and the Beijing-Tianjin Expressway, 120km from the Tanggu new port of Tianjin and only 20km from Beijing Capital International Airport, the park has unique access to important sea, land and air logistic poles of the Beijing metropolitan area. Tongzhou Logistics Park is a highly competitive distribution sub-market due to the limited local land supply, coupled with ever increasing demand for city distribution service from Beijing city and Tianjin city. Many reputable logistics companies are located in the park including but not limited to Amazon, NYK, NEW EGG, Suning and others.

Charles de Portes and Oliver Treneman (Group President and MD of Redwood China respectively) issued a joint statement: "This acquisition provides the Redwood China Logistics Fund a direct presence in one of the most prime locations serving the Beijing and the Bohai Bay regions. With the restricted land supply in Tongzhou, low vacancy rates in the area and confidence of major domestic and international clients in the location, the site is well positioned to service long-term demand."


About The Redwood Group

The Redwood Group (Redwood), founded in 2006 by Charles de Portes and Stuart Gibson, is operated by senior local professionals in Singapore, Japan and China. Redwood, along with its significant global institutional investor partners, invests in, develops and manages logistics real estate in the largest metropolitan areas of Asia most tied to and growing fastest with global trade. The senior executives of Redwood have in combination developed, acquired and managed over 4 billion USD of distribution space globally, in seven countries totaling over 5 million m2. Additional information about Redwood may be found at: www.redwoodgroup.com.

Contacts:
China Client Relations:
Oliver Treneman otreneman@redwoodgroup.com

Redwood Investor Relations:
Jai Mirpuri jmirpuri@redwoodgroup.com

Redwood Corporate Media Relations:
Emma Larsson elarsson@redwoodgroup.com


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The Redwood Group enters into Long-Term Lease Agreement with Schenker-Seino


Tokyo, 16th October 2012 - The Redwood Group (Redwood) today announced that it has entered into a 10-year lease agreement with Schenker-Seino Co.,Ltd (Schenker-Seino) for 100% of its most recent development project, Redwood Ichikawa Baraki.

The leasing agreement is the first collaboration between Schenker-Seino and Redwood in Japan. The project is located with frontage to the Narita Expressway connecting Tokyo to the eastern manufacturing and distribution centers of Tokyo bay and to the Narita International Airport. The land site area for this class-A development project constitutes 16,400 square meters with a gross building floor area of 32,739 square meters. Redwood and Schenker-Seino have agreed a construction start by October 2012 with completion scheduled for September 2013. The facility will be situated in a high-density logistics region adjacent to the junction of Tokando and Tokyo-Gaikan (ring road) Highways, within 1km of the Ichikawa Interchange of the Tokando-Highway with excellent bridge and tunnel access to Haneda International Airport as well.

The new 4-storey warehouse will have an 8,000 m2 floor plate and ample parking including 30 truck berths on the ground floor, and a spacious visitors parking lot. The building will be designed to be highly energy efficient and functional, with the highest standards of seismic engineering and environmental technologies. Notably, the building plans call for both a photovoltaic power generation system having 2940 solar panels on the roof and LED lighting throughout both the warehouse and office areas. The building is expected to earn a TAPA-A certification upon completion.

Herbert Wilhelm (President & CEO of Schenker-Seino Co., Ltd.) commented: "This ultra modern and environmentally exemplary building will help us to remain one of the premier logistics service providers in Japan. We very much look forward to having this facility as an addition to our already existing logistics centers for the benefit of our customers."

Stuart Gibson and Hideaki Matsunami (CEO and MD of Redwood Japan respectively) issued a joint statement: "We are very excited about this partnership with Schenker-Seino, recognized as a national leader in logistics operations. Incorporating best practices of structural design, safety and efficiency into the project, the execution of this large-scale lease agreement demonstrates the demand for Redwood's modern logistics facilities and the confidence of major domestic and international clients."


About Schenker-Seino:

In 2002 Schenker Seino Co., Ltd. was founded as a joint venture servicing logistics requirements in Japan between Schenker AG (a Deutsche Bahn company) and Seino Transportation (the transportation division of Seino Holdings).

Schenker AG is one of the major third-party transportation and logistics service providers in the world. The first Schenker Delegation Office in Japan was established in 1964. Seino Transportation is the 4th largest Transportation company in Japan with approximately 13.000 employees. Additional information about Schenker-Seino may be found at: www.dbschenker-seino.jp

About The Redwood Group

The Redwood Group (Redwood), founded in 2006 by Charles de Portes and Stuart Gibson, is operated by senior local professionals in Singapore, Japan and China. Redwood, along with its significant global institutional investor partners, invests in, develops and manages logistics real estate in the largest metropolitan areas of Asia most tied to and growing fastest with global trade. The senior executives of Redwood have in combination developed, acquired and managed over 4 billion USD of distribution space globally, in seven countries totaling over 5 million m2. Additional information about Redwood may be found at: www.redwoodgroup.com.

Contacts:
China Client Relations:
Oliver Treneman otreneman@redwoodgroup.com

Redwood Investor Relations:
Jai Mirpuri jmirpuri@redwoodgroup.com

Redwood Corporate Media Relations:
Emma Larsson elarsson@redwoodgroup.com


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Redwood Group Asia and PGGM announce the successful first closing of the Redwood China Logistics Fund


Singapore/ Zeist (July 3, 2012) – Redwood Group Asia and PGGM announce the successful first closing of the Redwood China Logistics Fund, following the decision by PGGM to commit up to the USD equivalent amount of EUR 95 million on behalf of its PGGM Private Real Estate Fund.

The Fund has an initial target to invest RMB 2.5 billion equity in distribution, logistics and light manufacturing real estate facilities in selected high growth markets in China. Investments will be driven primarily by customer demand and need for modern facilities delivering the quality specifications of efficiency and through-put demanded by especially today's leading logistics operators, retailers, light manufacturers and automotive companies. The Chinese industrial real estate market, currently greatly under supplied and under serviced, is expected to grow 8-9 times in size over the next decade (estimate by Jones Lang LaSalle).

The Fund will leverage Redwood's local team's market knowledge and China development experience along with Redwood Asia's international distribution and logistics real estate development experience and global client relationships.


About The Redwood Group

The Redwood Group (Redwood), founded in 2006 by Charles de Portes and Stuart Gibson, is operated by senior local professionals in Singapore, Japan and China. Redwood, along with its significant global institutional investor partners, invests in, develops and manages logistics real estate in the largest metropolitan areas of Asia most tied to and growing fastest with global trade. The senior executives of Redwood have in combination developed, acquired and managed over 4 billion USD of distribution space globally, in seven countries totaling over 5 million m2. Additional information about Redwood may be found at: www.redwoodgroup.com.

About PGGM

PGGM is a leading Dutch pension fund service provider offering pension management, integrated asset management, management support and policy advice to its institutional clients. PGGM currently works on behalf of six pension funds, managing about €125 billion of pension assets of 2.5 million people. As a cooperative organisation, PGGM helps its over 570,000 members to secure a valuable future. PGGM works independently or with strategic partners to develop innovative future benefit solutions combining pensions, care, accommodation and employment.
www.pggm.nl

Contacts:

REDWOOD:
China Client Relations:
Oliver Treneman otreneman@redwoodgroup.com

Redwood Investor Relations:
Jai Mirpuri jmirpuri@redwoodgroup.com

Redwood Corporate Media Relations:
Emma Larsson elarsson@redwoodgroup.com

PGGM:
David Uitdenbogaard, Spokesman
david.uitdenbogaard@pggm.nl
Tel: +31 30 277 9121
Twitter: @PGGMnieuws


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The Redwood Group Announces its New 32,739 m2 Development, Redwood Ichikawa Baraki with Significant Pre-leasing Activity


Tokyo, 1st March 2012 - The first project made public by RWG in Japan for 2012 anticipates a construction start in the summer of 2012.

The Redwood Group (Redwood) executed the binding Purchase & Sale Agreement for the land at Baraki, Ichikawa-City on March 1st for this class-A development project. The site area constitutes 16,400 m2 with a GFA of 32,739 m2. Redwood intends a construction start by August 2012 with a completion in July 2013.

Located in the high density logistics region adjacent to the junction of Tokando-Highway and Tokyo-Gaikan (ring road) Highway, the site is within 1km of the Ichikawa Interchange of Tokando-Highway.

The new warehouse will be 4 stories with an 8,000 m2 floor plate and ample parking including 30 truck berths on the ground floor, 11 additional truck parking spots and a spacious visitor parking lot. The building will be designed to be highly energy efficient and functional, with the highest standards of seismic engineering and environmental technologies.

Located only 13 minutes walking distance from the commuting train station, Futamata- Shinmachi Station of Kleiyo JR line and a large near-by residential community, the project provides easy access to a skilled labour pool.

Redwood has secured a Letter of Intent for roughly 2/3 of the lettable area from a global 3PL (third party logistics) company and before this announcement has already received strong indicative interest for the remaining lettable area. Redwood's senior staff expects the high profile project to be fully leased by the start of construction. The site is located directly facing the Narita Expressway, near the Tokyo Customs Air Cargo Office and with good proximity and access to both Narita and Haneda International Airports. Notably, in 2015, Tokyo Gaikan Hwy will be completed, providing easy access to Tohoku Hwy, Joban Hwy, and Kanetsu Hwy. The site will directly benefit from these transportation infrastructure improvements.


About The Redwood Group

The Redwood Group (Redwood), founded in 2006 by Charles de Portes and Stuart Gibson, is operated by senior local professionals in Singapore, Japan and China. Redwood, along with its significant global institutional investor partners, invests in, develops and manages logistics real estate in the largest metropolitan areas of Asia most tied to and growing fastest with global trade. The senior executives of Redwood have in combination developed, acquired and managed over 4 billion USD of distribution space globally, in seven countries totaling over 5 million m2. Additional information about Redwood may be found at: www.redwoodgroup.com.

Contacts:

Redwood Investor Relations:
Jai Mirpuri jmirpuri@redwoodgroup.com

Redwood Corporate Media Relations:
Emma Larsson elarsson@redwoodgroup.com


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Redwood Announces Appointment of New Senior China Officer

Oliver Treneman to Join as Managing Director & Country Head, for Redwood in the People's Republic of China

Singapore, 30 January, 2012 – The Redwood Group Asia Pte Ltd, (Redwood) announced today that Oliver Treneman will join as Managing Director and Country Head of Redwood in the People's Republic of China (PRC). Oliver will focus on expansion of the company's platform in the PRC providing high quality integrated real estate solution services for Redwood's global and domestic logistics clients.

Charles de Portes, President of Redwood, issued this statement: "China, the fastest growing and most dynamic economy globally, continues to experience a deep under-supply of efficient, high quality distribution facilities to keep pace with an unmet and unabated demand. Such undersupply continues despite relative economic instability of major markets outside the PRC, due to the comparative nascence of the development industry for such product coupled with continued strong domestic economic growth. Improving the efficiency and quality of air, sea, and land cargo distribution facilities will contribute directly to improving the supply chain and global competitiveness of logistics in the country. We are looking forward to working with Oliver, with his strong experience developing the product in China for top international and domestic clients since the arrival a decade ago in the PRC of the first international developers of same. Oliver and his team will be diligent in provision of top quality customer service to our clients, working in partnership with them to increase the efficiency of their of their retail, manufacturing and logistics distribution platforms."

Oliver has over 15 years industrial and logistics real estate experience in the PRC. He has held the positions of Chief Operations Officer at Yupei Group (Logistics Real Estate), a JV with Equity International and country head for AMB Property Corporation (now ProLogis post merger in 2011), establishing and growing their presence in the PRC. Other former key positions include General Manager at Shanghai Business Park Development Co Ltd (JV) and Chief Representative at King Sturge & Co, Shanghai.

Oliver, a British national, holds a master's degree in Land Management from the University of Reading. Having spent two years studying mandarin at the Beijing Language & Culture University and Fudan University and a decade and a half of residence in Shanghai, he is also fluent in Mandarin Chinese.


About The Redwood Group

The Redwood Group, founded in August 2006 by Charles de Portes and Stuart Gibson (the first senior officers of ProLogis to arrive full time in Asia in 1998) is an investor in and manager of logistics, distribution and warehousing real estate with top global institutional and governmental investors, particularly focused on the largest and highest growth metropolitan areas of Japan and the PRC. The senior executives of Redwood have in combination developed, acquired and managed over 3 billion USD of distribution space globally, in seven countries totaling over 4 million m2. Additional information about Redwood may be found at: www.redwoodgroup.com.

Contacts:
China Client Relations:
Oliver Treneman otreneman@redwoodgroup.com

Redwood Investor Relations:
Jai Mirpuri jmirpuri@redwoodgroup.com

Redwood Corporate Media Relations:
Emma Larsson elarsson@redwoodgroup.com


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