Shanghai, China, May 6, 2020 – New Ease, China’s leading logistics real estate platform and institutional investors advised by J.P. Morgan Asset Management are pleased to announce the establishment of its new industrial joint venture for modern logistics facilities investment in China through a special purpose vehicle. The initial portfolio for the joint venture consists of state-of-art stabilized logistics facilities of approximately $600 million developed by New Ease, strategically located in Chinese gateway cities including Shanghai, Nanjing, and Suzhou.
New Ease was founded by Mr. Sun Dongping and the management team, focusing on investing, developing and managing institutional-grade logistics properties in China. Since its establishment in 2018, the company has rapidly expanded its footprint across the country backed by global blue-chip institutional investors. To date, New Ease has more than 4mm sqm logistics assets in operation or under development across key logistics markets in China.
Mr. Sun Dongping, the founder and Chairman of New Ease, said: “We are very excited to partner with J.P. Morgan Asset Management, which has deep experience in the global real estate investment field.” Mr. Sun continued “That despite the interruptions brought by COVID-19 in China, tenant demand for quality logistic facilities remains robust – and perhaps has even strengthened – as consumers increasing shift to e-commerce.”
