CTF Services to Acquire Three Industrial Logistics Properties in East China

MT Newswires Live

01/16

CTF Services (HKG:0659) agreed to acquire three industrial logistics properties in East China from funds managed by TPG Angelo Gordon, according to a statement Thursday.

The properties have a total gross leasable area of about 1.72 million square feet and are expected to generate "stable cash flow" once acquired, the firm said.

The acquisition will expand the firm's logistics portfolio to 12 properties, increasing its aggregate gross leasable area to approximately 14.51 million square feet, it said.

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