Private equity firm KKR has agreed to sell railcar and intermodal equipment lessor Infinity Transportation to Ares Management for an enterprise value of approximately $2.9 billion. Infinity manages around 50,000 railcars across North America. The acquisition will be funded by Ares Infrastructure Equity and Ares Insurance Solutions funds, with completion targeted for the first quarter of 2027, subject to regulatory approvals.
Ares Real Estate has formed a European logistics investment partnership with Norges Bank Investment Management, supported by a €1.5 billion equity commitment from NBIM. The strategy focuses on modern, high-quality assets serving supply chain, distribution and e-commerce needs across Europe. It will utilise Ares’ global operating platform, Marq Logistics.
Taiwanese manufacturer Suntoward Tech Philippine Inc. has partnered with AyalaLand Logistics Holdings Corp. (ALLHC) to establish its first operational presence in the Philippines. Suntoward will lease over 3,800 sqm of space at ALogis Mabalacat 1 to produce floating solar components starting in Q1 2027. It has also signed a long-term lease for an 8,200 sqm industrial lot at Batangas Technopark to support future growth.
European industrial real estate giant CTP has unveiled CTPark Castel San Giovanni, its first branded logistics park in Italy. Spanning nearly 200,000 square metres in Piacenza, the scheme marks a key phase in CTP’s five-year, €1 billion Italian expansion plan. The milestone follows the completion of a 52,000 square metre build-to-suit facility for an international logistics client.
Frasers Property Limited has appointed Jai Mirpuri as the new Chief Executive Officer of Frasers Property Industrial, effective 11 January 2027. Based in Singapore, he will oversee industrial and logistics operations across Australia and Europe while managing Frasers Logistics & Commercial Trust (FLCT). With over 23 years of sector experience, Mirpuri joins from ESR Group to drive global expansion and capital partnerships.
Real assets manager ESR has announced plans to expand into the Middle East, establishing a long-term logistics real estate and data centres platform across the Gulf Cooperation Council. Focusing initially on Saudi Arabia and the United Arab Emirates, the firm has identified a pipeline of over 3 million square metres in digital infrastructure and logistics assets, with an estimated potential end value exceeding US$10 billion.
