Ivanhoé Cambridge, a group that invests in international property on behalf of the Quebec state pension system, had already put $2bn into China’s logistics sector over the past few years. In June, as coronavirus was raging across the world, it decided to add another $400m to the total.
“We’ve certainly been trying to increase our exposure to logistics in China as quickly and as responsibly as we can,” said George Agethen, senior vice-president, Asia Pacific, at the Canadian company, who points to a “difficult environment” in which to make an investment decision.
“The interest to invest in China and China logistics is . . . everywhere,” he added. “There’s not a single investor I know who doesn’t think it’s a good idea.”
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