UAE Edition 
Egypt Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
Share
Read Full Issue 
ESR, Adia offload USD 2.2 bn logistics stake: ESR Group and the Abu Dhabi Investment Authority are selling a stake in their USD 2.2 bn Australian logistics portfolio to a Japanese-managed vehicle and a Malaysian fund in what would be the largest logistics transaction in Australia this year, according to a statement by Hankyu Hanshin Properties, which manages the Japanese JV.
The buyers will pay some AUD 536 mn for the stake, Mingtiandi reports, without disclosing the exact size of the stake.
The details: Hankyu Hanshin Properties and an unnamed Malaysian fund will acquire a portion of the 11-property portfolio, which spans major Australian cities including Sydney, Melbourne, Brisbane, and Perth.
Background: Adia and Aussie industrial developer Logos had set up a JV — named LALV —- which came under ESR management in early 2022 following the group’s USD 5.2 bn takeover of Singapore-based ARA Asset Management, which had acquired a majority stake in Logos in 2020. Adia invested additional funds in LALV in 2022, which was then valued at AUD 3.7 bn.
OTHER M&A NEWS-
Indian visa service provider BLS International signed an agreement to acquire Dubai-based visa advisory firm Citizenship Invest (CI) for USD 31 mn, CNBC TV18 reports. The acquisition, funded through internal accruals, is set to be completed by 31 October, pending regulatory approvals.
The acquisition will drive CI’s expansion, as the company plans to use BLS’ global presence across 66 countries for its expansion plans, including opening new offices and recruiting, according to a press release. The company is planning on multiplying their sales “exponentialliy” in the next three years, CI’s CEO, Inigo de Luna said.
Who are BLS and CI? BLS International holds an exclusive visa processing contract with Spain and has partnerships with 45 other governments, including Canada, Germany, Italy, and Hungary. CI, on the other hand, specialized in expedited investor programs for acquiring residency and citizenship in over 15 countries.
ADVISORS- Awad Capital acted as the exclusive financial advisor to CI for the transaction, while BLS International received legal counsel from Al Tamimi and Company.
