LOGOS

Overview

LOGOS was founded in Australia in 2010 as a provider of management services in the logistics real estate sector.

MIRA invested in the business in 2014 in line with its strategy to invest in and grow specialist real estate operators. MIRA’s business plan was to transition LOGOS from a service provider into a fully integrated developer and asset manager and to expand the business across Asia-Pacific. After successfully executing on the business plan and assisting LOGOS grow into a leading Asia-Pacific logistics real estate group, MIRA exited its investment in 2020 as part of ARA Asset Management acquiring a controlling interest in the business.

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Sector	Real Estate
Asset type	Logistics
Invested	2014
Divested	2020

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Location	Asia-Pacific
Operating countries	8
Office locations	13

Creating an Asia-Pacific platform

Logistics is a real estate asset class that benefits from cross-border networks. A network across different markets enables an operator to enhance the service to its tenant customers and leverage experience and best practices. The benefits are even more pronounced when operating in emerging markets.

With a strategy to create an Asia-Pacific network, MIRA worked closely with LOGOS to expand the business beyond Australia and China into a further six countries over the course of its investment.

To support this expanded presence, LOGOS grew its offices from two to 13 across eight countries, building a network of connected teams. These connections enable LOGOS to share knowledge, experiences, best practices and culture across each of its locations and maximise the real estate solutions it offers both its tenant customers and capital partners.

Schweppes Asahi Distribution Centre, Australia

A successful partnership

MIRA partnered with LOGOS to gain exposure to asset and development management expertise in the logistics real estate sector. The partnership enabled LOGOS to focus on the delivery of high-quality real estate solutions across its existing and new markets while MIRA focused on other initiatives to accelerate the growth and maturity of the business.

As part of the partnership, MIRA led the expansion of LOGOS across new markets and the formation of joint-ventures to grow the business in Southeast Asia, China and India. As the business grew, MIRA focused on organisational design and enhancing operations as staff numbers increased to 225 and best practises were developed around work health and safety, workplace diversification and sustainability.

To fund this growth, MIRA managed the capital structure of the business and raised over $A5.3 billion of equity commitments from some of the world’s most sophisticated investors across 16 LOGOS-managed ventures.

The close working relationship and complimentary expertise between LOGOS and MIRA has established a leading Asia-Pacific logistics real estate group in just over five years.

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$A5.3	billion EUM
56	assets / estates
+4m	sqm of logistics real estate owned and under development
225+	real estate professionals

Taicang Distribution Centre, China

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100+	properties
4.1 million	sqm of logistics property managed, including properties under development
7 countries	across the Asia-Pacific
160+	real estate professionals