Croesus eyes logistics property fund

Singapore

THE Croesus Group, an Asian real estate manager, is evaluating another fund with logistics properties after listing its first trust holding Japanese malls in Singapore last year.

Croesus has access to 24 to 36 facilities in Japan and the US and may seek to raise about US$500 million to US$600 million through the public or private markets as early as the second quarter next year, co-founder Jeremy Yong said. The company with a presence in Japan, Singapore and China also sees opportunities in data centres, solar farms and hospitality, he said.