European logistics developer CTP has agreed terms to acquire the South-East Asia Logistics Partners portfolio and operating platform in Vietnam for approximately $500 million. Owned by Ares Management Corporation, SLP brings 1.1 million sqm of existing and development NLA alongside an established local team. The move builds on CTP’s entry into Vietnam earlier this year and accelerates its broader growth strategy across Asia.
Ares Real Estate and PSP Investments have launched a new joint venture targeting up to $2.4 billion in US logistics property. The partnership combines Ares’ operational platform with PSP Investments’ capital, focusing on prime industrial markets across the US. Sourced by Marq Logistics, the venture launches with a 5.2 million-square-foot seed portfolio spread across 14 properties in key regions including California, Texas and New Jersey.
