Censuria partners Dex-i for RM500mil logistics investment fund
KUALA LUMPUR: Censuria Capital has partnered China-based Destination Express International (Dex-i) to launch a RM500mil fund for logistics real estate investments in Southeast Asia.
In a statement, the advisory and investment firm said the jointly managed fund will be structured as a logistics real estate investment fund to support Dex-i’s regional expansion plan in the next five to 10 years.
The proceeds raised in this partnership will be invested in suitable and strategically located warehouses supporting Dex-i business in Southeast Asia.
Censuria senior partner and logistics consultant CY Tan said the funds acquired will be invested in warehouses with guaranteed rental income and excellent capital gain potential.
“Our primary focus is to create growing capital value and sustainable rental income through core and core plus strategy, while seeking value-added opportunities to enhance returns through the transformation of our warehouses into modern and technologically-sophisticated co-warehousing facilities,” said Tan.
Censuria expects Malaysia to be be a strategic regional hub for delivery service providers due to its geographical advantage.
“By working with Censuria, we will make Malaysia our base for Southeast Asia expansion as the country is ideally located in the region and can best serve as the regional logistics hub for Dex-i,” said Dex-i managing director Forest Fu.
Dex-i focuses on express delivery from China to the Asia-Pacific region and has grown to be a major cross border service provider for online marketplace in China, with an established regional postal operators network.
According to Censuria, the Southeast Asian logistics real estate market is well-positioned to benefit from the growing demand for warehousing facility, driven by the region's thriving e-commerce sales.
There is a rising need for warehousing and fulfillment facilities, following the increasing demand for faster, more efficient logistics services, it added.