Business
Brookfield Acquires Hong Kong Site for Cold Storage Venture with Uni-China
Brookfield, a leading global investment firm headquartered in New York with more than US$1 trillion of assets under management, has formed a cold storage joint venture with Māori Capital, the investment arm of Uni-China Group, Hong Kong's largest fresh food retailer and wet market operator, to acquire a prime industrial site in Tsing Yi, Hong Kong from Swire Properties.
About this update from Brookfield Asset Management Inc
[{"type":"text","content":"HONG KONG, Oct. 30, 2025 /PRNewswire/ -- Brookfield, a leading global investment firm headquartered in New York with more than US$1 trillion of assets under management, has formed a cold storage joint venture with Māori Capital, the investment arm of Uni-China Group, Hong Kong's largest fresh food retailer and wet market operator, to acquire a prime industrial site in Tsing Yi, Hong Kong from Swire Properties.","length":417,"tagName":"p"},{"type":"text","content":"The 246,000 square foot site is located within Hong Kong's most established logistics cluster and will be purpose-built to meet the modern cold storage specifications required for food-grade logistics and pharmaceutical clients. It will incorporate energy-efficient refrigeration and advanced storage and logistics management solutions.","length":340,"tagName":"p"},{"type":"text","content":"With seamless access to key transportation nodes including the Kwai Tsing Container Terminals and the Hong Kong International Airport, Uni-China's logistics business has committed to full occupancy upon completion in 2026.","length":226,"tagName":"p"},{"type":"text","content":"The Tsing Yi asset will serve as the seed property for a newly launched cold storage joint venture (JV) between Brookfield and Māori Capital. This strategic partnership leverages Brookfield's extensive global expertise in cold storage and logistic investments and Uni-China's deep local understanding of Asia's fresh food retail and supply chain given its extensive market expertise and an established retail network of approximately 1,000 sales points.","length":465,"tagName":"p"},{"type":"text","content":"The JV will actively explore further investment opportunities in high quality cold storage assets and related businesses across Asia.","length":133,"tagName":"p"},{"type":"text","content":"Brookfield Head of East Asia Real Estate Andrew Burych said: "Cold storage is a high-conviction theme for Brookfield, driven by structural shifts in consumption, evolving food logistics requirements and the under-supply of modern temperature-controlled facilities in gateway cities like Hong Kong. The conversion of the Tsing Yi property to a high-spec cold storage facility is in line with Brookfield's strategy of revitalising underutilised industrial assets across Asia. Partnering with Māori Capi...