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Hong Kong, 13 December 2021
Logistics and industrial real estate specialist, Unified Industrial Group (UI), has partnered with Macquarie Asset Management to continue the growth of its business across Japan and China.
Founded in 2008, UI is a vertically integrated logistics fund manager providing acquisition, development, asset and property management services. Led by its two founders, Joshua Olsan and Ross Antoci, the business commenced operations in Japan before expanding into China and has experienced teams on the ground in both markets.
UI has invested in and developed over 1.2m sqm of logistics assets with an end value of more than $US3bn. Currently, UI has over $US1bn of assets under management.
Macquarie Asset Management, through one of its real estate vehicles, has invested in UI and is providing initial capital to fund UI’s existing pipeline of investment opportunities across Japan and China.
Joshua Olsan, Founder and Principal, UI said: “We are seeing increasing demand for high quality, logistics real estate assets in both Japan and China. This partnership with Macquarie Asset Management will enable us to source and pursue new opportunities, while adding significant momentum behind the ongoing growth of our business.”
The partnership has reached financial close on its first asset acquisition, located in Koto Ward, Tokyo, just outside of Tokyo’s central 5 wards. This well-located asset has redevelopment potential as a last-mile logistics centre.
James Kemp, Head of Real Estate Investments Asia-Pacific, Macquarie Asset Management, said: “We are pleased to partner with UI and look forward to working closely with the founders in the next stage of growth for the business. This investment aligns with our strategy of partnering with high quality specialist real estate operators in sectors supported by structural tailwinds.
“UI’s significant real estate experience as an established fund manager, combined with Macquarie Asset Management’s expertise in assisting the growth of real estate operating platforms, positions this as an exciting opportunity to accelerate the development of UI’s business.”
Angharad Withers
Macquarie Asset Management
T: +61 437 037 088
E: angharad.withers@macquarie.com
Ida Cheung
Macquarie Group
T: +852 9371 3190
E: ida.cheung@macquarie.com
Unified Industrial was founded as a specialist logistics and industrial real estate investment, development, and asset management platform drawing on Joshua Olsan’s leading experience, being one of the first participants to develop third party logistics facilities in Japan in 2001. Unified Industrial acquired a controlling interest in UIG Asset Management Co., Ltd in 2012, a Japan registered and fully licensed investment management company and established its China subsidiary in 2015. Unified Industrial has acted for multitude of institutional investors, several Japanese private corporates and family office investors and has offices in Tokyo, Shanghai and Hong Kong.
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