EZA Hill Property, the Southeast Asia industrial platform majority owned by Rava Partners, has entered the Thai market, buying a logistics property for about US$40m (€34.5m).
The investor said the purchase of the 45,000sqm asset represented an important expansion of its pan-Southeast Asia logistics platform, following successful entries into Singapore in 2023 and Indonesia in 2024.
Frank Ng, co-founder and CEO, EZA Hill, said: “This milestone reflects our ambition to build a best-in-class logistics portfolio across Southeast Asia. Our presence in Thailand complements our footprint in Singapore and Indonesia and positions us to serve the region’s rising domestic consumption and global trade flows.”
The Thai asset will be fully leased to DHL for at least 10 years.
Claire Tang, partner of Rava Partners, said: “Bangkok’s logistics sector is at a tipping point, and this Grade A asset positions us to capture long-term demand in one of Southeast Asia’s most dynamic consumption hubs. We’re proud to align with a global leader like DHL to bring world-class infrastructure to this market.”
To read the latest IPE Real Assets magazine click here.
