Boustead Projects form Pan-Asian logistics platform with Hong Kong’s Unified Industrial

The platform will target real estate opportunities in high-growth sectors.

Unified Industrial (UI) and Boustead Projects Limited (BPL)’s real estate business have formed a vertically integrated Pan-Asian logistics real estate development, investment, and fund management platform.

The platform, named UIB, will target real estate opportunities in high-growth sectors, particularly logistics and data centres, which are experiencing growing demand driven by e-commerce, digitisation, and regional supply chain realignment in the Pan-Asia region.

This also brings together UI’s and BPL’s capabilities across acquisition, development, leasing, and asset management, combining UI’s established North Asia presence with BPL’s Southeast Asian business to cover key markets across Asia.

UIB will have $4.6b (US$3.5b) of assets under management across Japan, China, Singapore, and Vietnam.

To finalise the transaction, UI will acquire the economic interest in BPL’s real estate business for scrip in UIB. The transaction is subject to certain closing conditions, and UIB’s footprint and assets reflect the expected position at final close.