Brookfield Asset Management and Māori Capital, the investment arm of Uni‑China Group, have formed a joint venture to acquire a 246,000‑square‑foot industrial site in Tsing Yi, Hong Kong from Swire Properties.
The site will be developed into a modern cold‑storage facility with energy‑efficient refrigeration and advanced storage solutions, expected to be completed in 2026. Uni‑China Group has committed to full occupancy upon completion.
The transaction is valued at approximately HK$750 million, reflecting Swire Properties’ sale of the industrial project. The joint venture will leverage Brookfield’s global real‑asset expertise and Uni‑China’s local supply‑chain network.
Brookfield has been expanding its presence in Asia‑Pacific real estate, with recent acquisitions in Japan and Singapore. The Hong Kong deal is part of a strategy to triple its assets under management in the region over the next five years and to invest in high‑growth infrastructure such as cold storage.
The partnership positions Brookfield to capture growing demand for temperature‑controlled warehousing in the region, supporting e‑commerce and food distribution.
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