Ivanhoé Cambridge and CBRE Global Investment Partners have joined a club fund to invest in Chinese logistics.

The two investors have committed capital to Logos Property Group’s China Logistics Club.

Logos, which is active in China and Australia, will use the funds to invest up to $400m (€359m) in the increasingly popular sector, focusing on existing assets and development projects in large Chinese cities including Shanghai.

“Our investment with Logos China supports our plan to grow our exposure to opportunities in the logistics sector in key markets such as Shanghai and Guangzhou,” said Rita-Rose Gagné, executive vice president for growth markets, at Ivanhoé Cambridge, a subsidiary of the Caisse de dépôt et placement du Québec.

CBRE GIP, the indirect investment arm of CBRE Global Investors, also announced a €346m investment in European logistics, buying seven assets from TH Real Estate.

Macquarie Capital, which owns a stake in Logos, led fundraising for the vehicle.

Gaw Capital Partners recently closed four deals for its Chinese logistics platform, its first sector-specific vehicle. The fund manager is investing $300m in China’s tier-one cities. The platform, structured as a co-investment, attracted $220m from existing and new investors and $80m from Gaw Capital’s Gateway Fund IV.

Last year, PGGM boosted its investments in Chinese logistics, committing a further $144m to a “develop and hold” strategy managed by The Redwood Group.