In December 2021, we partnered with Wafra International Investment Company, a Kuwait-based asset management company with US$8.5 billion in AUM, to acquire a portfolio of US-based mission critical logistics assets leased to FedEx and General Mills.

The Portfolio is comprised of 10 income-yielding mission-critical assets located in highly strategic locations across the US in key distribution hubs. The assets are built-to-suit to accommodate the specific demands of FedEx and General Mills in locations carefully selected by the tenants. The portfolio is expected to benefit from the increasing demand for logistics facilities supported by the global growth in e-commerce.

With construction aimed for completion in 2023, the Portfolio seeks to benefit from the continuing growth of demand in e-fulfillment and warehousing facilities across the US, as well as a growing need for facilities to be state-of-the-art and easily accessible to fulfill the growing market demand.